PARTICULARITIES AND PRACTICAL ISSUES OF THE COMPULSORY INSURANCE CONTRACT FOR MOTOR THIRD PARTY LIABILITY

Abstract

This paper aims at identifying and clarifying the legal regulations in the field of insurance. Starting from everything that means in practice as a whole, we need to mention from the outset that best practices are not mandatory or binding rules of law, they can not and will not be placed over the legal provisions in force but only can complete the law. Furthermore, we intend to analyze the implementation of Law no. 132/2017 on compulsory insurance against civil liability in respect of third party damage caused by vehicle and tramway accidents (published in OJ 431/2017) in the light of best practice in the field of insurance. In this research, the main method of study was the theoretical qualitative research (especially the analysis of legal regulations) in order to identify and develop theoretically information on best practices in the field covered by the aforementioned normative acts. The main research results are to identify the general issues that have been briefly presented and which could be the subject of practical situations in the field of compulsory motor third party liability insurance for third-party damage caused by vehicle and tramway accidents.

Keywords

• insurance
• insured
• beneficiary
• indemnity
• non-use