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Article 422

  • 1

    Prior to the formation of a contract of insurance, a financial service provider shall determine the wishes and needs of the client based on the information provided by the client.

  • 2

    The financial services provider shall ensure that information is provided only on insurance that is appropriate to the client's wants and needs.

  • 3

    The first and second paragraphs apply mutatis mutandis to insurance offered together with another financial product or financial service as part of a package or of the same agreement.

Information valid on 01-05-2021

Regulations based on this article (delegated regulations)

No

Policies and circulars that have this article as legal authority

No

Articles or similar text referring to this article

  1. Financial Sector Administrative Fines Decree
    article: 10

  2. Wft exemption regulation
    Art: 47

  3. Financial Supervision Act
    annex: to article 1:80 Financial Supervision Act

Summary of changes for this article

(01-05-2021)

Origination source

Entry into force

Effective date

Retroactivity

Subject

Signature

Announcement

Chamber documents

Signature

Announcement

Note

2018

new

2018

Stb. 2018, 89

34770

2018

Stb. 2018, 176