Characteristics of the insurance for the account of a third party

Tuesday, December 13, 2011 Veröffentlichungen

Article by Christian Becker in Versicherungspraxis 12/2011

In addition to the policy holder and the insurer, an insurance contract for the account of a third person includes at least one further person or company, the insured.

The legal implications of the insurance for the account of a third party are often neither known in detail to the policy holder nor to the insured. Especially the insured party does often wrongly assume to be usufructuary of the insurance benefit.

 

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