New Commercial Law Study Findings Reported from University of Belgrade (Protection of Consumers Rights in Life Insurance Contracts): Legal Issues – Commercial Law

2023 MAY 12 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- A new study on commercial law is now available. According to news reporting out of the University of Belgrade by NewsRx editors, research stated, “Life insurance is a special type of activity exerting a strong influence on a country’s social and economic structure.”

Our news editors obtained a quote from the research from University of Belgrade: “Its main field of interest is human life. Life insurance contracts are founded on the basis concept of the legal position of an insured person as the weaker contracting party either due to his/her knowledge of the insurance service and the circumstances surrounding it or due to his/her negotiating position and the financial means put at his/her disposal. The insurer is a trader and professional, which cannot be said for the insured person, who, accordingly, should be ensured protection within the current legal framework. In that sense, it is essential the security and protection of the insurance beneficiary to be provided against all the risks and irregular actions which can be anticipated and prevented. In accordance with the importance of its topic, the paper touches upon the term and characteristics of life insurance contracts.”

According to the news editors, the research concluded: “It also includes the definition of life insurance and legal aspects of life insurance contracts, all of which to be followed by a detailed elaboration on the selected topic of the paper, which is reflected in its subtitle - the analysis of consumers (insurance beneficiaries) protection in insurance contracts generally speaking and in life insurance contracts in particular.”

For more information on this research see: Protection of Consumers Rights in Life Insurance Contracts. Pravo, 2023,40(1). The publisher for Pravo is University Business Academy in Novi Sad Faculty of Law for Commerce and Judiciary.

A free version of this journal article is available at https://doi.org/10.5937/ptp2301027Z.

Our news journalists report that additional information may be obtained by contacting Sara Zarubica, PhD candidate at the Faculty of Law, University of Belgrade, Serbia. Additional authors for this research include Svetlana Korica.

(Our reports deliver fact-based news of research and discoveries from around the world.)