The current German Insurance Contract Act, Versicherungsvertragsgesetz (VVG) originates from 1908. Thanks to numerous amendments over the past 98 years, it fails to comply on many points with the transparency requirements of modern consumer protection, and as a consequence, the legislator has decided to amend the VVG.
In preparation for the reform, the Federal Ministry of Justice appointed a commission of experts in June 2000 which finalised its report in April 2004. In March 2006, the draft bill, which is based on – and is for the most part in accordance with – the report of the commission, was submitted by the Ministry of Justice.
