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Posts tagged #surrender value

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OGH: Benefits Claim Takes Priority over Declaratory Relief

Civil Law 

The Austrian Supreme Court (Oberster Gerichtshof, hereinafter OGH) as clarified that a claim for declaratory relief regarding a different agreement in a unit-linked life insurance policy is not permissible if the repayment of premiums could already h...

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OGH: Consequences of late withdrawal from a life insurance

Civil Law 

The Austrian Supreme Court (Oberster Gerichtshof, OGH) decided that Section 176 para 1 of the Insurance Contract Act (Versicherungsvertragsgesetz, VersVG) is contrary to EU law if it provides the same legal effects for the withdrawal from an endowmen...

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