THE OBLIGATIONS OF INSURANCE COMPANIES CONFRONTED WITH COMPENSATION REQUESTS BY THE VICTIMS OF DAMAGES TO PROPERTY OR WELLBEING

Tudor Oniga

FIAT IUSTITIA, 2016, vol. 10, issue 2, 194-201

Abstract: Many times, insurance companies and agents, during the administrative procedure opened by the individuals who have suffered damages after car accidents, do not fulfill their legal obligations towards the compensation requests filed or do so in a poor fashion. As a result, car accident victims are forced to sue the insurers to receive their damages, also having to add the expenses inherent to court trials to their losses. This text aims to analyze the stages and the content of the administrative procedure, respectively what the obligations of the insurance companies and agents are in regard to the victims’ rights to claim compensation and the legal consequences of not fulfilling their legal requirements.

Keywords: Insurance; victims; compensation; notification; procedure (search for similar items in EconPapers)
JEL-codes: K40 (search for similar items in EconPapers)
Date: 2016
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