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VDVM CODE OF CONDUCT - TRANSPARENCY GUIDELINES

Principle 1
The insurance broker's choice is determined by the interests of his customer and not by his commercial self-interest.

Principle 2
Broker's commission will remain the standard remuneration system for insurance brokers in Germany. Because of our Principle 1 it is not necessary to disclose commissions and their amounts automatically.

Principle 3
If an insurance broker has several sources of income, i.e. when the customer pays a fee to the broker, the latter has to disclose any other source of remuneration.

Principle 4
Any bonus or special payments based on results (for example profit participation) are critical and are not recommended by our association.

Downloads

Transparency guidelines
Rules of competition
Guidelines for clearing and collection

© 2015 Bundesverband Deutscher Versicherungsmakler e.V

INFO

Downloads can be found at the bottom of this page. Click here to scroll down

Contact

VDVM
Cremon 33/34
20457 Hamburg

Phone.: +4940 - 36 98 20 0
Fax: +4940 - 36 98 20 22

Code of Conduct

„As a sign of high sense of responsibility all VDVM members commit themselves to observe a binding Code of Conduct.“.

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