Limits to the insurer’s freedom of contract regarding major risks

Wednesday, June 5, 2013 Veröffentlichungen

Article by Christian Drave in Versicherungspraxis 06/2013

Principally, there is an extensive freedom of contract when it comes to the insurance of major risks. Still, this freedom is limited by general guiding principles set by German insurance law and the legal provisions on general terms and conditions.

When drafting policies covering major risks, these guiding principles need to be observed by policy holders and their commercial insurers as the article by Christian Drave points out.


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