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Part 3 · Concluding provisions › Section 216

Derivative right of action with a majority of insurers

If an insurance contract with the individual insurers associated together with Lloyds has not been concluded via a branch office in the area of application of the present Act, and if there is a domestic venue, claims arising therefrom may be asserted against the authorised signatory of the syndicate named in the insurance policy first, or against an insurer designated by the latter; a title acquired thereby applies for and against all insurers which are party to the insurance contract.

Annex (re section 8 (5) sentence 1)
Model notice regarding revocation

(Source: Federal Law Gazette I 2021, 1687-1690, cf. footnote with regard to the individual amendments)

Notice regarding revocation

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