Abstract

Utrecht Journal of International and European Law (previously Merkourios) is an Open Access, peer-reviewed, student-led law journal, focusing on international and European law.The journal aims to contribute to legal scholarship on international and European law by promoting these fields' progressive development and providing an international forum for interaction between academia, practitioners and students.

Highlights

  • CaAsreticNleoteThe Principles of European Insurance Contract Law, referred to using the acronym PEICL, were published in September 2009

  • The Principles of European Insurance Contract Law, referred tousing the acronym PEICL, were published in September 2009. They are the result of ten years of academic work undertaken by the“Restatement of European Insurance Contract Law” Project Group

  • In the time since its establishment in 1999, the project has been transformed from being a stand-alone project to a part of the CoPECL (Common Principles of European Insurance Contract Law) network, drafting a specific part of the Common Frame of Reference

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Summary

Introduction

The Principles of European Insurance Contract Law, referred to using the acronym PEICL, were published in September 2009. Having continually worked under the guiding principle that “the law of insurance [in Europe] must be one,”[3] it represents a serious option for providing Europe with single legal framework for insurance contracts

The Need for and Lack of Harmonisation
The Common Frame of Reference
An Optional Instrument
The Principles of European Insurance Contract Law
Substantive Scope
Outside the Scope
Acquis Communautaire
Mandatory Character
Uniform Interpretation
All-or-Nothing Approach
Comprehensive Regulation
Enforcement by Third Parties
General Principles
Enactment
Future Prospects
Full Text
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