(1) The insurance broker is obliged to base his or her advice on a sufficient number of contracts of insurance and insurers available on the market so that he or she is in a position to make his or her recommendation, based on professional criteria, regarding which contract of insurance is suited to meeting the needs of the person wishing to take out insurance. This does not apply if he or she explicitly informs the person wishing to take out insurance in individual cases prior to contractual acceptance of the limited selection of insurers and contracts.
(2) An insurance broker who informs a person wishing to take out insurance of the limited selection in accordance with subsection (1) sentence 2, and an insurance agent, must inform the person wishing to take out insurance on which market and information basis they are providing their services, and must state the names of the insurers on the basis of which they are giving advice. The insurance agent must also name the insurer on behalf of whom he or she is working, and state whether he or she is working exclusively for him or her.
(3) The person wishing to take out insurance may waive the right to the notifications and information in accordance with subsection (2) by separate written declaration.