Imperial supervisory office for private insurance
The Imperial Supervisory Office for Private Insurance was from 1901 to 1918 a Reich office for insurance supervision in the German Empire with its seat in Berlin .
history
The Bismarck Reich Constitution regulated in Article 4 (1) that the Kingdom of the legislative and supervisory powers have the insurance sector with respect. The Imperial Supervisory Office for Private Insurance was set up on the basis of the Reich Law on Private Insurance Companies of May 12, 1901. This law, which came into force on January 1, 1902, regulated in Section V. “Supervision of Insurance Companies” the duties and powers of the authority and stipulated that the Imperial Supervisory Office for Private Insurance should be the supervisory authority for all private insurance that it provided Doing business in more than one state. The supervisory office began its work on July 1, 1901 and initially developed supervisory principles and initially covered all insurance companies subject to supervision.
The main basis of the work of the office was the law on insurance contracts of May 30, 1908, which came into force on January 1, 1910 and essentially took into account the specifics in the contractual drafting of insurance contracts and the insurance company that went beyond the provisions of the civil code .
The German Empire ended with the November Revolution in 1918 and the Reich Supervisory Office for Private Insurance became the successor to the Imperial Supervisory Office for Private Insurance.
organization
A president was at the head of the supervisory office. The executive committee consisted of permanent and non-permanent members. The President and permanent members were appointed by the Kaiser on the proposal of the Federal Council, the non-permanent members were elected by the Federal Council. An advisory board made up of experts from the insurance sector was used to participate in the supervision, and its members were appointed by the Kaiser for five years at the suggestion of the Federal Council.
people
President
- Erich von Woedtkes (1901–1902)
- Ernst Gruner (1902–1914)
- Bernhard Jaup (1914–1918) (then first President of the Reich Supervisory Office for Private Insurance until 1922)
Permanent members
Directors
Insurance Advisory Board
literature
- Peter Koch: History of the Insurance Industry in Germany, 2012, ISBN 9783899523713 , p. 183, online
