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Insurance Release Form for Germany

Insurance Release Form Template for Germany

A legally binding document governed by German law that formally releases an insurance company from future claims or liabilities related to a specific incident or claim in exchange for an agreed settlement. This document complies with the German Insurance Contract Act (Versicherungsvertragsgesetz - VVG) and includes necessary GDPR compliance elements. It serves as a formal conclusion to an insurance claim process, documenting the terms of settlement and ensuring all parties understand the finality of the agreement under German jurisdiction.

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What is a Insurance Release Form?

The Insurance Release Form is a critical document used in German insurance settlements to formally conclude insurance claims. It is typically implemented when a settlement has been reached between an insurer and claimant, providing legal finality to the claim process. The document must comply with German insurance law, particularly the Versicherungsvertragsgesetz (VVG), and includes essential elements such as party identification, claim details, settlement terms, and GDPR-compliant data protection notices. This form serves as legal protection for both the insurer and the insured, documenting the agreed-upon terms and preventing future claims related to the same incident. It's particularly important in cases involving significant settlements, personal injury claims, or complex corporate insurance matters.

What sections should be included in a Insurance Release Form?

1. Identification of Parties: Details of the insurer, policyholder, and any other relevant parties (e.g., claimants, beneficiaries)

2. Insurance Policy Details: Reference to the relevant insurance policy number, type of insurance, and date of policy

3. Claim Information: Description of the insurance claim, including incident date and claim number

4. Release Declaration: Clear statement of the release terms, including the scope of claims being released and any payment amount

5. Legal Effect: Statement confirming the binding nature of the release and its effect under German law

6. Data Protection Notice: GDPR-compliant statement regarding the processing of personal data

7. Signatures: Signature blocks for all required parties with date fields

What sections are optional to include in a Insurance Release Form?

1. Partial Release Statement: Only needed when the release applies to specific claims while preserving others

2. Third-Party Rights: Required when the release affects rights of third parties or multiple claimants

3. Payment Terms: Include when the release is conditional upon payment or specific settlement terms

4. Confidentiality Clause: Optional section for cases requiring confidentiality about the settlement terms

5. Jurisdiction Clause: Include when parties are from different jurisdictions or for international insurance cases

What schedules should be included in a Insurance Release Form?

1. Schedule A - Claims Detail: Detailed list of specific claims being released, including dates and claim numbers

2. Schedule B - Payment Schedule: If applicable, breakdown of payment terms and installment schedule

3. Appendix 1 - Supporting Documents: List of relevant documentation such as medical reports, damage assessments, or other claim-related documents

4. Appendix 2 - Power of Attorney: If applicable, authorization documents for representatives acting on behalf of any party

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Germany

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions

























Clauses






















Relevant Industries

Insurance

Financial Services

Healthcare

Real Estate

Construction

Manufacturing

Automotive

Retail

Professional Services

Transportation and Logistics

Relevant Teams

Legal

Compliance

Risk Management

Claims Processing

Insurance Operations

Corporate Insurance

Policy Administration

Customer Relations

Document Management

Regulatory Affairs

Relevant Roles

Insurance Claims Manager

Risk Manager

Legal Counsel

Compliance Officer

Insurance Broker

Claims Adjuster

Corporate Insurance Manager

Insurance Underwriter

Legal Administrator

Settlement Officer

Insurance Policy Administrator

Risk Assessment Officer

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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