Partition agreement
A sharing agreement is an agreement between private insurance companies or between such companies and social security agencies , which is intended to facilitate the processing of mutual claims in the event of damage . The insurance company , against whose members claims for compensation are asserted, then waives the examination of the question of liability and reimburses the asserted amount or a previously set quota thereof. In this way, an extensive and time-consuming examination of the question of fault can be avoided. The prerequisite for reimbursement is, however, that the liability insured person (the “damaging party”) has made a causal contribution to the damaging event.
The insurance company benefiting from the agreement (or the social security agency) receives its own contractual claim against the liability insurer of the injuring party from the partition agreement, with the content that, without clarifying liability, the beneficiary will pay the benefits of the beneficiary institution due to the liability case covered by the partition agreement the agreed quota.
