In the financial market in general, the legal betterment of a customer compared to others. – In particular, in the case of insurance policies, the betterment of a policy holder (more favorable situation of a policy holder compared to other insurants), for example by granting the policy holder a right of daily termination or by the insurance company waiving the first annual premium. Such arrangements are prohibited by the supervisory authorities in Germany. – Cf. Annual Report 2012 of BaFin, p. 88 f. (prohibition of special remuneration and preferential contracts; legal sources).
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: firstname.lastname@example.org