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13 Insurance and Reinsurance Contracts

From: The Rome I Regulation on the Law Applicable to Contractual Obligations

Michael McParland

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 27 January 2022

Subject(s):
Choice of law clauses — Rome Convention — Rome I Regulation and choice of law

This chapter explains Article 7 of the Rome I Regulation, which contains ‘special rules on insurance contracts’. These rules are of great importance for the European insurance industry, the world's largest with a 33% share of the global market. Article 7 can only be properly understood against the background of the prior conflict rules that will continue to apply to insurance contracts concluded before 17 December 2009 and will still influence the operation of Article 7 in several key respects. The background and legislative development of Article 7 are discussed.

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