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Legal expenses insurance (until November 2012)
Legal expenses insurance (until November 2012)
Legal expenses insurance (until November 2012)
This summary has been archived and will not be updated. See
'Seguro e resseguro'
for an updated information about the subject.
Legal expenses insurance (until November 2012)
The Directive aims to coordinate national requirements for insurance against legal costs.
ACT
Council Directive 87/344/EEC of 22 June 1987 on the coordination of laws, regulations and administrative provisions relating to legal expenses insurance.
SUMMARY
Legal expenses insurance covers the costs of legal proceedings and other services relating to settlement of the claim. This Directive does not apply to risks in connection with sea-going vessels.
Obligation on insurance undertakings to provide for a separate contract or a separate section of a single policy for legal expenses insurance.
Obligation on insurance undertakings either:
In the event of a conflict of interest or a disagreement over settlement of the dispute, the insurer must inform the insured person of his right to choose his lawyer freely and of the possibility of using the arbitration procedure.
This Directive is repealed by the Directive on the taking-up and pursuit of the business of insurance and reinsurance as of 1 November 2012.
References
Act |
Entry into force |
Deadline for transposition in the Member States |
Official Journal |
Directive 87/344/EEC |
4.7.1987 |
1.1.1990 |
OJ L 185 of 4.7.1987 |
Last updated: 25.10.2011