Insurance Update - Consumer loan and payment protection insurance - March 2010
31.03.2010 | Financial Institutions & Services
Consumers who take out a loan to finance the purchase of goods or services will very often be offered an accompanying policy of payment protection insurance, designed to meet their repayment liabilities in the event of death and (for example) sickness, disability or their becoming unemployed. Under German law, however, an important question has, until now, remained unresolved, namely the precise legal relationship between the purchase and loan contracts (on the one hand) and the insurance contract (on the other).
Anwälte James Crabtree, Dr. Gunbritt Kammerer-Galahn, Peter Kempe, Anthony Menzies, Franz Janssen, Dr. Astrid Wagner, Wolfgang Schaller, Christine Flion, Alain de Foucaud, Christopher Dixon
