312460 VU insurance law
summer semester 2021 | Last update: 10.06.2021 | Place course on memo listThe course provides students with scientific and practice-oriented knowledge of insurance and insurance contract law.
Insurance aims at coping with (economic) risks by spreading and thus plays a central role in business. Correspondingly, more than a third of all civil law cases also tackle insurance law issues. Austrian insurance contract law has been codified in a specific statute ("VersVG") and differs from general contract law in important details that are explained and exemplified in this course. Among the topics presented you will learn about formation (including the rules on "insurance distribuition" by incurance intermediaries) and contents of insurance contracts in general and with reference to special branches (like fire or liability insurance and life assurance), the parties' rights and duties (with regard e.g. to "Obliegenheiten" and special premium payment rules), handling of insurance claims, end of contract; but also issues of state control of insurance business and international aspects.
Lecture, case studies from the current judicature of the OGH, discussion and collaboration.
Following the statute section on "study-law regulations" (§ 7 Abs 2 Z 6 lit b with § 5 Abs 3 Z 7), the course assessment relates to contiuous written and/or oral contributions of the participants. This includes a final evaluation in writing.
will be discussed in the lecture.
Basic knowledge of civil law, especially contract law, is required.
ATTENTION: This course has to be distinguished from the VO Insurance Law and can only be assigned as a free optional subject in the diploma studies Law and Business Law
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