Insurance Release Form

Insurance Release Form for Austria

Insurance Release Form Template for Austria

A legally binding document under Austrian law that formally releases an insurance company from any further liability or obligation related to a specific insurance claim once a settlement has been reached. The document, governed by the Austrian Insurance Contract Act (VersVG) and Civil Code (ABGB), establishes the terms of the settlement, includes detailed claim information, and documents the policyholder's agreement to waive any future rights to additional claims arising from the same incident. It serves as a crucial risk management tool for insurance companies while providing clarity and finality for all parties involved in the settlement process.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our Austria-compliant Insurance Release Form

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Insurance Release Form

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Insurance Release Form?

The Insurance Release Form is a critical document in Austrian insurance practice, used when finalizing insurance claim settlements. It serves as a formal agreement between the insurance company and the claimant, documenting the settlement terms and releasing the insurer from future liability related to the specific claim. The document must comply with Austrian insurance regulations, particularly the Versicherungsvertragsgesetz (VersVG) and the Allgemeines Bürgerliches Gesetzbuch (ABGB). It typically includes detailed information about the claim, settlement amount, release terms, and necessary declarations. This form is essential in both personal and commercial insurance contexts, providing legal protection for insurers while ensuring fair settlement documentation for claimants. The document must be drafted with particular attention to Austrian consumer protection laws when used with individual policyholders.

What sections should be included in a Insurance Release Form?

1. Parties: Identification of all parties involved - the insurer, the insured, and any other relevant parties (e.g., claimant, beneficiary)

2. Background: Brief description of the insurance policy, the claim event, and the context leading to this release

3. Definitions: Key terms used in the release form, including specific insurance and legal terminology

4. Claim Details: Specific details of the claim being released, including date of incident, policy number, and claim reference

5. Settlement Amount: The agreed compensation amount and payment terms

6. Release Declaration: The formal release statement where the releasing party waives their rights to future claims

7. Warranties and Representations: Statements confirming the parties' authority and understanding of the release

8. Governing Law: Confirmation of Austrian law application and jurisdiction

9. Signatures: Execution block for all parties, including dates and witness provisions

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

1. Medical Authorization: Required when the claim involves medical expenses or personal injury

2. Third Party Rights: Needed when other parties might have rights related to the claim

3. Confidentiality: Optional clause for keeping settlement terms private

4. Tax Implications: Required when settlement amount has significant tax consequences

5. Partial Release: Used when only specific aspects of a claim are being released

6. Language Declaration: Required when the release form is provided in multiple languages

What schedules should be included in a Insurance Release Form?

1. Schedule A - Claim Documentation: List of all relevant claim documents and incident reports

2. Schedule B - Settlement Calculation: Detailed breakdown of the settlement amount

3. Schedule C - Medical Records: Summary of relevant medical records in personal injury cases

4. Appendix 1 - Policy Extract: Relevant sections of the insurance policy being released

5. Appendix 2 - Payment Instructions: Banking and payment details for settlement transfer

Authors

Alex Denne

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

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Insurance

Banking & Financial Services

Healthcare

Real Estate

Construction

Manufacturing

Transportation & Logistics

Professional Services

Retail

Hospitality

Relevant Teams

Legal

Claims Processing

Risk Management

Compliance

Customer Service

Operations

Policy Administration

Underwriting

Document Management

Client Relations

Relevant Roles

Insurance Claims Manager

Risk Manager

Legal Counsel

Compliance Officer

Insurance Underwriter

Claims Adjuster

Insurance Broker

Policy Administrator

Contract Manager

Insurance Operations Director

Settlement Officer

Customer Relations Manager

Insurance Agent

Claims Processing Specialist

Find the exact document you need

No matches found.

Minor Travel And Medical Consent Form

An Austrian law-compliant form authorizing both travel and medical treatment for minors, meeting requirements of the Austrian Civil Code and EU regulations.

51��Ƶ����

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Insurance Release Form?

What sections should be included in a Insurance Release Form?

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

What schedules should be included in a Insurance Release Form?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Minor Travel And Medical Consent Form

Medical Info Release Form

Apartment Release Form

Voice Release Form

Release Of Health Information Form

Consent Form For Social (Media)

Accident Claims Release Form

Participant Release Form

Video Release Consent Form

Customer Release Form

Key Release Form

Final Release Form

Photography Consent Form

Medical Records Form

Participation Waiver Form

Digital Release Form

Permission To Use Photo Agreement

Media Permission Form

Hospital Release Form

Dental Release Form

Actor Release Form

Rental History Release Form

Release Of Financial Responsibility Letter

General Release Of All Claims Form

Orthodontic Release Form

Credit Check Release Form

Release Of Information Form Therapy

Hospital Patient Release Form

Release And Consent Form

Minor Travel Medical Consent Form

Company Release Form

Digital Privacy Release Form

Data Protection Release Form

Confidentiality Release Form

Business Release Form

Data Release Agreement

Privacy Release Form

Health Information Form

Release Form

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Use Cases

Generate Legal Docs Free

51��Ƶ��

�ұ�Ծ��’s Security Promise