COMPARATIVE FRAMEWORK FOR THE ENVIRONMENTAL LIABILITY INSURANCE
COMPARATIVE FRAMEWORK FOR THE ENVIRONMENTAL LIABILITY INSURANCE

Summary/Abstract: Growth of population and economic activity contribute to the increasing number of ecological incidents, which derive from different sources causing multiple types of pollution. Legal framework for selling this type of insurance was created by the introduction of the mandatory pollution liability insurance and the adoption of the insurance terms and conditions. In this paper, the author deals with several legal aspects of environmental liability insurance and those types of losses. Particular focus was on the notion of the ecological loss and object of coverage, insured event and period of insurance, sum insured and insurer duty. Authors conclude that the separation of the insurance (and terms and conditions) against environmental liability into a stand-alone product could be the next step in developing insurance conditions of the domestic insurance companies.

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