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Unfair Terms and Unpredictability in the Insurance Contract

Author

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  • Ioana Nely MILITARU

    (Bucharest University of Economic Studies)

Abstract

Unfair terms in insurance contracts are identified by courts of law, usually notified by the insured. The courts interpret the insurance policies clauses that are ambiguous, unclear, and even illegal. Due to the membership nature of the insurance contract, state intervention through mandatory regulations and setting up of an authority was necessary. Thus, in order to prevent abusive practices in the insurance sector, namely of insurers (insurance companies), states have set up administrative authorities to control them, supervise their activity, and sanction their illegal actions.

Suggested Citation

  • Ioana Nely MILITARU, 2025. "Unfair Terms and Unpredictability in the Insurance Contract," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 5(12), pages 39-45, December .
    • Handle: RePEc:ahd:journl:v:5:y:2025:i:12:p:39-45
    DOI: 10.37945/cbr.2024.12.05
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    More about this item

    Keywords

    unfair terms; unpredictability; insured; insurer; professional trader; consumer;
    All these keywords.

    JEL classification:

    • K15 - Law and Economics - - Basic Areas of Law - - - Civil Law; Common Law
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G52 - Financial Economics - - Household Finance - - - Insurance

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