Determination of the harmlessness of new or changed insurance conditions of pension funds

To submit new or amended terms and conditions of insurance to BaFin online, proceed as follows:

• Access BaFin's notification and publication platform (MVP Portal).
  • In order to be able to make submissions for the "Insurance Supervision" specialist procedure, you must first register in the MVP Portal and then log in with an application for the MVP specialist procedure.
  • For more information on using the MVP Portal, please refer to the "Information sheet on the specialist procedure for insurance supervision".
• Select the specialist procedure "Insurance Supervision", upload all required documents and submit your notification online.
• Upon receipt, BaFin will review your submission.
• Provided that it is determined to be unobjectionable, you will receive the decision regarding your submitted conditions online in the portal or by mail.

• You would like to
  • change the AVB at your pension fund that did not previously have to be approved by the supervisory authority when they were introduced, or
  • introduce new AVB at your pension fund that is not regulated in accordance with § 233 VAG.
• Your Pensionskasse is supervised by BaFin.

• Document with new or modified insurance conditions

BaFin charges a fee based on the time spent.

• Gebührenverzeichnis

There is no time limit. You may only use GCI whose harmlessness has been established or whose harmlessness can be assumed 3 months after submission to BaFin.

Section 234 (2) sentence 3 VAG

• § 234 Absatz 2 Satz 3 Gesetz über die Beaufsichtigung der Versicherungsunternehmen (Versicherungsaufsichtsgesetz - VAG)
• Anlage zu § 2 Absatz 1 Besondere Gebührenverordnung des Bundesministeriums der Finanzen zur Finanzdienstleistungsaufsicht (Finanzdienstleistungsaufsichtsgebührenverordnung - FinDAGebV)

• Objection
• Action before the administrative court

There are no clues or specifics.

The text was automatically translated based on the German content.