A Gloss to the Judgment of the Court of Justice of the European Union of 2 February 2023, C-208/21 on Unfair Commercial Practices with Reference to the Information Disclosure in ‘Unit-Linked’ Life Assurance Contracts

Abstract

The subject of this gloss is the judgment of the Court of Justice of the European Union (CJEU) of 2 February 2023, C-208/21 on unfair commercial practices with reference to the information disclosure in life assurance contracts linked to investment funds, called unit-linked life insurance. The judgment contains guidelines on information disclosure in this insurance by entities that prepare and distribute such insurance products. The issue is of vital importance for insurance industry and has not been unambiguously defined either in legal regulations or in judicial decisions. Rather than addressing all the questions referred to the Court of Justice, the gloss concentrates on entities responsible for communicating the information to the consumers before they accede to unit-linked group life insurance contracts