Regional Court Munich 1, 04.02.2020 – 33 O 3124/19, BVK vs. Check24
Since 1923, section 48b of the German Insurance Supervision Act (VAG) prohibited insurance intermediaries from sharing commissions with their customers. Germany is one of the few European Union Member States to impose such a ban, which has generated litigation that will have significant impact on the commercial practices of the profession.
Mons Court of Appeal, 24 May 2019
Brokers make up the majority of insurance intermediaries in the Belgian market. They have a wide duty to their clients in the provision of advice, caution and verification. However, this decision underscores the fact that their duty to inform and advise is not unlimited.