(1) In the case of insurance policies with surplus sharing, the insurer informs the policyholder annually in writing of the current balance of his or her claims, including surplus sharing. In doing so, he or she must state to what extent this profit participation is guaranteed. The insurer indicates the following in detail:
1. the agreed payment on occurrence of an insured event, plus surplus sharing, at the relevant point in time that is specified in the balance notification,
2. the agreed payment, plus guaranteed surplus sharing, at the end of the life of the contract, or when the pension commences, provided that the contract is continued unchanged,
3. the agreed payment, plus guaranteed surplus sharing, as per the end of the life of the contract, or as per the time when the pension commences, provided that the insurance is premium free,
4. the amount disbursed in the event of termination on the part of the policyholder,
5. the total of the premiums paid in the case of contracts concluded from 1 July 2018 onwards; furthermore, information on the total of the premiums paid may be requested in text form.
(2) The insurer is at liberty to provide further information. The balance notification may be combined with other notifications that are to be made on an annual basis.
(3) If the insurer has provided figures regarding the possible future progression of the surplus sharing, he or she must indicate to the policyholder how the actual development deviates from the figures that were initially quoted.