responsibility finder
Schleswig-Holstein

Request approval for the introduction of new or the amendment of existing insurance conditions of pension funds.

Source: Zuständigkeitsfinder Schleswig-Holstein (Linie6PLus)

Service Description

Pension funds must have changes to insurance conditions approved by the supervisory authority.

Regulated pension funds must also have new insurance conditions approved.

New as well as amended insurance terms and conditions may only be put into effect once they have been reviewed and approved by the German Federal Financial Supervisory Authority (BaFin).


Process flow

To electronically apply to BaFin for approval of new or amended insurance terms and conditions, proceed as follows:

  • Access BaFin's notification and publication platform (MVP Portal).
    • 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" and upload all required documents and submit your notification.
  • Upon receipt, BaFin will review your submission.
  • You will receive an electronic or postal notification of your application.
Requirements
  • You are a regulated pension fund and would like to introduce new insurance conditions or change existing insurance conditions, or you are a deregulated pension fund and would like to change insurance conditions that already had to be approved by the supervisory authority in the past.
  • Your pension fund is supervised by BaFin.
Which documents are required?
  • Request for approval
  • New or amended insurance conditions
What deadlines do I have to pay attention to?

There is no time limit. The new or amended insurance conditions may only be put into effect after approval.

Legal basis
Appeal
  • Opposition
  • Action for commitment
Applications / forms

Forms available: No

Written form required: No

Informal application possible: Yes

Personal appearance required: No

Author
Technically approved by

Federal Ministry of Finance (BMF)

Process flow

To electronically apply to BaFin for approval of new or amended insurance terms and conditions, proceed as follows:

  • Access BaFin's notification and publication platform (MVP Portal).
    • 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" and upload all required documents and submit your notification.
  • Upon receipt, BaFin will review your submission.
  • You will receive an electronic or postal notification of your application.

Requirements

  • You are a regulated pension fund and would like to introduce new insurance conditions or change existing insurance conditions, or you are a deregulated pension fund and would like to change insurance conditions that already had to be approved by the supervisory authority in the past.
  • Your pension fund is supervised by BaFin.

Which documents are required?

  • Request for approval
  • New or amended insurance conditions

What deadlines do I have to pay attention to?

There is no time limit. The new or amended insurance conditions may only be put into effect after approval.

Legal basis

Appeal

  • Opposition
  • Action for commitment

Applications / forms

Forms available: No

Written form required: No

Informal application possible: Yes

Personal appearance required: No

Author

Technically approved by

Federal Ministry of Finance (BMF)

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