Directors and Officers of the company are liable for its negligent acts and omissions with all their personal assets. Personal liability of Directors and Officers represents a risk for them that can be transferred to the insurance company by entering into an insurance contract. The insurance protection for these cases is a Directors & Officers Liability Insurance (D&O Insurance). Such insurance may be stipulated by the company for its members of the management and control bodies (corporate D&O insurance), but it can also be concluded by individual member of such body by himself (personal D&O insurance). By concluding corporate D&O insurance, the company does not provide protection only to its members of the management and supervisory bodies, but also provides protection indirectly to itself, in case if the damage to the company is caused by the person, who is responsible for company`s management or control.
COBISS.SI-ID: 17123665
In Slovenia liability insurance is regulated in the chapter regarding insurance contract in articles 964 in 965 (only) of the Obligations Code. The regulation originates from the former Yugoslav Obligations Act from year 1978 which was modern at that time, but today it is considered deficient and outdated. Classic continental civil law approach is a good basis however it needs to be upgraded with up-to-date legislative solutions that are established in the Western European countries and are reflected in the Principles of European Insurance Contract Law – PEICL. This applies in particular to the concept of the insured event and to the issue of direct claims of third parties (victims). This article critically discusses some of the segments of the valid Obligations Code legal solutions and intertwines them with suggestions for a contemporary regulation which (based on the comparative legal practice) would be suitable for the Slovenian insurance and legal space.
COBISS.SI-ID: 45705219
The insurance business is always adapting itself to the development of the activities that it protects. For the insurance of vehicles and their use, the offer of insurance services is various and complete. However, new forms of car-sharing are emerging, vehicles are more and more powerful, safe, “smart” and autonomous. The indicated and announced development of car industry will result in the progress of the insurance activity. This contribution offers a short overview of the present situation of car insurance and insurance related to the use of vehicles and tries to look ahead: What will be further development like and how will the insurance business follow?
COBISS.SI-ID: 17124433
The monograph presents a draft of a new legal regulation of the insurance contract in Slovenian law, which would be contained in a special law and was prepared taking into account the Principles of European Insurance Contract Law and more modern solutions in comparative law. A detailed justification of the reasons for the modification and an explanation of the new solution has been prepared for each proposed article, including a comparison with the current normative solutions and with foreign examples. The regulation of the insurance contract in private international law and the relationship between the insurance contract and supplementary health and supplementary pension insurance are especially discussed. The book also contains a Slovenian translation of the Principles of European Insurance Contract Law and a correlation table of articles.
COBISS.SI-ID: 62112771