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H. HEISS/M. LAKHAN
141
Liability Insurance in the Principles
of European Insurance Contract Law (PEICL)
Prof. Dr. Helmut Heiss,
LL.M.,
Chair of Private Law, Comparative Law and Private International Law,
University of Zurich
Mandeep Lakhan,
LL.B., LL.M.
Research Assistant, Project Group Restatement of European Insurance Contract Law,
University of Innsbruck
I. Introduction: The Principles of European Insurance
Contract Law (PEICL)
1. General Remarks & Tribute to Professor Ioannis Rokas
Following a total of fifteen years of work by academics in the Project Group on a
Restatement of European Insurance Contract Law,
1
the second expanded edition
of the Principles of European Insurance Contract Law (PEICL) was published in
November 2015.
2
The PEICL are an attempt to provide a model law on European
insurance contract law,
3
by adopting provisions which reflect the current status of
insurance law.
4
The work is based on the conviction that the creation of a uniform
European insurance contract law, implemented through the adoption by the
European legislature of a European regulation, would eliminate the obstacles to the
functioning of the internal insurance market created by the differences in national
insurance contract laws, thereby benefitting the internal market.
5
The second
1. For more detailed information about the idea behind the research project, see Helmut Heiss,
"Introduction" in Jürgen Basedow, John Birds, Malcolm Clarke, Herman Cousy, Helmut Heiss and Leander
Loacker (eds),
Principles of European Insurance Contract Law (PEICL)
(2nd edn Verlag Dr. Otto Schmidt,
Cologne 2016) 1, cited as ‘PEICL’ hereinafter.
2. See Jürgen Basedow, John Birds, Malcolm Clarke, Herman Cousy, Helmut Heiss and Leander Loacker
(eds),
Principles of European Insurance Contract Law (PEICL)
(2nd edn Verlag Dr. Otto Schmidt, Cologne
2016), cited as ‘PEICL’ hereinafter.
3. See Heiss (n 1) para I8.
4. See Heiss (n 1) para I7.
5. For details, see Heiss (n 1) para I31.