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The law over the insurance contract (VVG) comes from 30. May 1908. It regulates the rights and obligations of insurer and insurant. It is divided into five sections:
| Base data | |
|---|---|
| Title: | Law over the insurance contract |
| Abbreviation: | VVG |
| Kind: | Federal law |
| Area of application: | Federal Republic of Germany |
| Right subject: | Private law/social right |
| FNA: | 7632-1 |
| Date of the law: | 30. May 1908 (RGBl. 1908, P. 263) |
| The entry into force to: | |
| Last change through: | Kind 6 law from 2 December 2004 (BGBl. I P. 3102) |
| The entry into force that-last change: 1) | 8. December 2004 (kind 9 law from 2 December 2004) |
| 1) Please you consider the reference to the valid law version! | |
An important regulation is "§ 67 VVG, after which a requirement of the hurt one (insurant) turns into against the on the insurer (so-called legal assignment).
Too "§ 48b VVG exists a plant for remote paragraph contracts.
For the insurance contract law an introductory law was issued (EGVVG). The insurance contract right is very much laid out to favour of the insurance. Like that it is even permitted to the insurance, if the insurant cannot pay a premium, to quit the contract but nevertheless still for the entire remainder of the insurance period the full premium to take the money, without granting however insurance protection! ("§40 VVG i.V.m. "§ 39 VVG)
The regulations of the VVG contain compelling, halfcompelling, and abdingbare regulations.
Compelling regulations may be changed neither to favour nor to Ungunsten of the insurant (VN). E.G. a fraudulent double insurance is futile! ("§51 (III) VVG and "§59 (III) VVG)
Halfcompelling regulations may be changed only for the advantage of the insurant. Here the consumer protection thought is legally embodied. So an insurer can limit its resignation possibilities ("§20 VVG) or not change the consequences of information taken place ("§28 VVG) to favour of the insurant. ("§34a i.V.m "§"§16 to 29a VVG) many insurers do without in general conditions of insurance them after "§40 VVG which is entitled the remainder premium of the current insurance yearly when abnormal termination the insurance contract.
Abdingbare regulations make possible to embody the insurer own regulations in its "general conditions of insurance" (AVB). No special regulation met too applies the law. Students and insurance buyers work usually with expenditures of the Beck publishing house (up-to-date in the middle of 2005 is the 10. Expenditure).
The Federal Government plans the revised version of the law with effect to 1 January 2008. After that (04.2006) available ministerial draft bill at present are substantial changes to favour of the insurants planned, e.g. with the regulations for the premature cancellation of an agreement of life insurances. Also the set period of exclusion existing with insurance contracts is to yield a uniform period of limitation.
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