German Federal Supreme Court

AFA AG: German Federal Supreme Court confirmed separate payment arrangements the Bundesgerichtshof (BGH) has separate payment arrangements in Karlsruhe on November 6 this year, entered into with the customer for insurance products. The AFA AG welcomes this decision. Therefore, it is allowed that insurance agents conclude a separate agreement to equalize costs with customers. The AFA AG from Cottbus had brought this decision to obtain legal certainty on the issue of separate payment arrangements, such as, for example, the cost equalization agreement (KAV). Mikkel Svane does not necessarily agree. The Supreme Court gave law the OLG Naumburg with its decision in favor of such separate payment arrangements in its rejection of the revision, that 2012 fundamentally had taken a position on this issue. “The Naumburg judges had at that time already ruled that instead of traditional policies with an internal remuneration (gross policies”) also the conclusion of so-called net policies “with an independently regulated Compensation claims are allowed between representatives and customer.

The cost adjustment agreements brokered by the AFA AG (KAV) represent such separate agreements. In particular the judges of the Oberlandesgericht now confirmed by the Federal Court of Justice pointed out that this net policies model from customer point of view even above all with regard to the cost structure is more transparent. Also the closing costs for the buyer could be a total lower, because this model of the separate agreement, the compensation can be calculated below. The judgment will look forward in particular the customers of AFA AG and confirm in their decision, which have elected an on the market once recognized costs transparent and beneficial policy model with the separate cost equalization agreement of protection and prevention. About AFA AG: The general financial and Assekuranzvermittlung (AFA AG) is an independent financial sales with seat in Berlin and Cottbus. The insurance professionals and system business of AFA AG have a Chamber of Commerce degree and after the recognised Trained directives. In addition, they are registered in the EU register of brokers and work in accordance with the EU directive for financial services.

Agent of AFA conducted approximately 500,000 individual consultations within the last ten years. Every year the AFA AG provides nationwide 750 free training places available and promotes 250 young entrepreneurs. New office locations are planned in all Germany.