Under the provisions of the Insurance Supervision Law, all companies that provide comprehensive health insurance must belong to a protection fund. For private health insurance, this task has been performed by Medicator AG in Cologne since May 2006 by statutory order of the Federal Ministry of Finance. This compensation scheme is subject to supervision by the German Federal Financial Supervisory Authority (BaFin). – See Deposit insurance, Fire brigade fund, Guarantee fund for life insurers, Guarantee obligation. – Cf. BaFin Annual Report 2007, p. 205 (list of compensation schemes supervised by BaFin) and the respective BaFin Annual Report, chapter “Cross-Sectional Tasks.”
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