The policyholders must, in writing, authorize the insurance intermediary, by a separate declaration, to accept the benefits of the insurer which the latter must pay to the policyholder on the basis of an insurance contract. However, in recent years, insurers have increasingly modified standard forms in a company-specific manner or refused to change standard forms. For example, a review of household insurance revealed significant differences in the various provisions.  In some areas, such as directors` and officers` liability insurance and personal insurance on the roof, there is little industry-wide standardization. Find out if your health insurance is recognised in Germany by submitting your insurance policy to a German health insurance provider. 1. The policyholder has the right to freely choose a lawyer representing his interests in legal and administrative proceedings among lawyers whose fees are paid by the insurer in accordance with the insurance contract. This provision also applies where the policyholder has the right to claim legal fees to represent other legal interests. In the event of the sale of an insured vessel, the insurance ends, notwithstanding Section 95, when the vessel is transferred to the buyer, for vessels on the move when the vessel is transferred to the buyer in the destination port.
3. The re-opening of the insurance premium and the reduction in the insurance benefit take effect at the beginning of the second month, after the policyholder has been informed of the recomposition or reduction and the relevant reasons. Unless otherwise agreed, the value of the insurance – if the insurance relates to a property or a total piece of property – is considered to be the amount that the policyholder must spend on the date of the insured event to replace or restore the insured assets, net of the reduced market value resulting from the difference between the old and the new. The provisions of this Act do not apply to reinsurance and insurance against marine transportation risks (marine insurance). 1. If the contract provides for experts to set individual conditions for insurance rights or the amount of damage, the institution is not binding when it clearly deviates materially from the facts and circumstances.