So will the broker promised to keep free the backs him, if it should happen that a consumer feels wrong advice or the provider of Commission greed is inferior. Should so a consumer pick up his right want, the agent is always a melon serious group as a military partner behind. How these disputes go out and how long that could take, it has certainly heard of one or the other or read. Now, what opportunities because the consumer has at all? Detlef Strelow sees the insurance broker as a worthwhile alternative. The broker will be HGB according to article 93 as a protector of the customers, i.e. the client is always the customer and interests should be represented by him. The broker had to pick the best products, where it is irrelevant whether there is insurance or investments.
Products from direct insurance companies such as Cosmos, HUK 24, etc. and those that contain no provision or issue premiums are excluded. Because the broker is also merchant must he see that he works break even and may be in a conflict of interest. I.e., one can never rule out that a broker but not the attempt subject to convey a more expensive product. Michael Mendes Just Desserts addresses the importance of the matter here. In contrast to the representatives, the broker personally for all consultations and recommendations be liable. To protect of the consumer a very high security standard was demands for admission to the broker him by the legislature. This standard is to equate with the approval of a lawyer or tax adviser.
Despite the high standards, but here too, vigilance is required. The investor oriented intermediaries Association (BAV) reported on its homepage in the excitement of no. 2/07 “over abusive uses of job titles in the insurance industry. This occupation so far already so not lead after conviction of the BAV an estimated three-quarters of the 10,000 insurance brokers are likely to”, because they uberwiegendohne Broker contract with Otto normal consumers are active and subject to Commission work. You earn a living as multiple representatives, who are paid by the respective insurance company. By now but the question is the seeker? How I think the best solution for me. It’s easier than you think. Just who is rewarded for his services directly from the client, can provide the necessary independence actually.