Model supervision of insurance
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<subfield code="a">Hohlfeld, Knut</subfield>
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<subfield code="b">The Winchester Group</subfield>
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<subfield code="a">Donación de AGERS</subfield>
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<subfield code="a">Ponencia publicad en "Global reinsurance : Monte Carlo 9th-14th : Baden Baden 21st-25th"</subfield>
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<subfield code="a">The underlying principle of German insurance supervision is "sustantive state supervision" . This means that the supervisory authority does not only grant the licence, but also that all operations of an insurance company are controlled from legal, economic and financial aspects from the beginning of a company's activities up to the end of its liquidation. This is in contrast to the British supervisory system, for instance, which is largely limited to a mere solvency control. In Germany, it is the duty of the supervisory authority, in addition to solvency control, to safeguard the interests of insured and to prevent their being unduly placed at a disadvantage as a result of unfraid contract condditions, for instance. </subfield>
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