Prof. Dr Helmut Heiss - presentation - PEICL - BILA
Prof. Dr Helmut Heiss - presentation - PEICL - BILA
Prof. Dr Helmut Heiss - presentation - PEICL - BILA
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<strong>Helmut</strong> <strong>Heiss</strong><br />
University of Zurich<br />
<strong>PEICL</strong> as an<br />
“Optional Instrument”<br />
London<br />
11th September 2009
European Insurance Contract<br />
Law<br />
• Step 1 (2009):<br />
Principles of European Insurance Contract<br />
Law (<strong>PEICL</strong>) - www.sellier.de<br />
• Step 2 (2010)<br />
Common Frame of Reference (CFR)<br />
• Step 3 (20??)<br />
Optional Instrument (EU Regulation)<br />
<strong>Helmut</strong> <strong>Heiss</strong><br />
2
Advantages<br />
of an Optional Instrument<br />
• possibility to develop and distribute European<br />
insurance policies even for mass risks<br />
= risks and costs of dealing with 27 different<br />
legal systems can be avoided<br />
• the market decides<br />
= costs of transition are only incurred by those<br />
who want to use the optional instrument<br />
• leaves national law untouched<br />
= no break with national legal traditions<br />
<strong>Helmut</strong> <strong>Heiss</strong><br />
3
Optionality<br />
under art. 1:102 <strong>PEICL</strong><br />
either<br />
no "opting in"<br />
or<br />
"opting in„<br />
art. 1:102 s. 1<br />
<strong>PEICL</strong><br />
National law applies no law mix <strong>PEICL</strong> apply<br />
= no recourse<br />
to national law<br />
(incl. mandatory rules!)<br />
<strong>Helmut</strong> <strong>Heiss</strong><br />
4
“…notwithstanding any limitations of choice of<br />
law under private international law…”<br />
• = inapplicability of mandatory conflict rules<br />
in Rome I<br />
Article 7 (Insurance Contracts)<br />
Article 3 para. 3 (All Relevant Elements<br />
Located in One Country)<br />
Article 9 (Mandatory Provisions)<br />
<strong>Helmut</strong> <strong>Heiss</strong><br />
5
Limitations<br />
(art 1:105 para 1 sentence 2 <strong>PEICL</strong>)<br />
• mandatory branch rules of (national) law<br />
• But: only as long as there are no branch<br />
rules in the <strong>PEICL</strong><br />
• Liability Insurance and Life Assurance<br />
„under construction“ (since 2008)<br />
<strong>Helmut</strong> <strong>Heiss</strong><br />
6
Political Future<br />
• European Council wants to keep CFR a nonbinding<br />
instrument, however:<br />
• Recital 14 Rome I Regulation (593/2008)<br />
• Communication of the European Commission<br />
(2003 and 2004)<br />
• Resolution of the EP on the Common Frame of<br />
Reference for European of 3 September 2008<br />
• Opinion of the EESC on ‘The European<br />
Insurance Contract’ of 15 December 2004<br />
• In preparation: Opinion of the EESC on ‘The<br />
28th Regime’<br />
<strong>Helmut</strong> <strong>Heiss</strong><br />
7
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