Press Release: Insurance Contract Law: Expert report pinpoints obstacles to cross-border trade

On the 27 February 2014, an expert group set up by the European Commission to examine barriers to cross-border trade in insurance law across Member States delivered its comprehensive report.

The report found that differences in contract laws impede the cross-border supply of insurance products by increasing costs, creating legal uncertainty and making it hard for consumers and businesses to take out insurance in other EU Member States.

ESO: Background information: Commission to examine legal obstacles to cross-border trade in insurance http://www.europeansources.info/record/press-release-commission-to-examine-legal-obstacles-to-cross-border-trade-in-insurance/

ESO: Background information: Optional European Sales Law receives strong backing by the European Parliament http://www.europeansources.info/record/memo-optional-european-sales-law-receives-strong-backing-by-the-european-parliament/

European Commission: DG Justice: Contract Law: Insurance, 24.01.14: Final Report of the Commission Expert Group on European Insurance Contract Law http://ec.europa.eu/justice/contract/files/expert_groups/insurance/final_report.pdf

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