Christian Armbruester
Volume 20
Issue 1
PUBLISHED
Fall 2013
Abstract
This article discusses the newly drafted “Principles of European Insurance Contract Law” (PEICL). It explores the possibility of the PEICL becoming an optional legal instrument that parties to an insurance contract may use as an alternative to relying on the laws of the various Member States in the European Union. The article provides an in-depth investigation of the PEICL and concludes that while the draft language could benefit from certain adjustments, it nonetheless offers a strong basis for discussion among policymakers in both the European Union and the United States.