Within fourteen days, two different views on the duty of disclosure regarding profiteering policies were published. Opposite to the ruling of the Kifid, the District Court ruled in a similar case that the insurer had no additional duty of disclosure. This discords between the Kifid ruling and the District Court ruling bring uncertainty to the position of insurers that provided similar profiteering policies around the same issue date.
Linda van Hal focuses on financial regulatory law. She advises on national, international and European regulatory matters affecting banks, insurers, investment firms, investment funds and other financial entities.