The German cabinet unveiled on Wednesday a draft bill to develop a standard for electronic signatures in Internet commerce. The move is in step with a European Union initiative and follows the EU’s approval of a directive on electronic commerce that required member states to pass electronic signature laws.
The draft bill will require German parliamentary approval and is expected to establish a safe standard to increase trade over the Internet. It is expected to become law in 2001.
Was this article valuable?
Here are more articles you may enjoy.
AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage 
Winter Storm Fern to Cause Up to $6.7B in Insured Losses 
Chubb Posts Record Q4 and Full Year P/C Underwriting Income, Combined Ratio 
China Plans $29 Billion Capital Injection Into Biggest Insurers 
