This Title governs any insurance contract whose purpose is to cover: 1° Maritime risks; 2° Air or aviation risks; 3° Risks relating to civil liability in connection with space operations; 4° Risks relating to the transport of goods by sea, air or land. River and lake insurance contracts are governed by the provisions of this Title, with the exception of Articles L. 172-5, L. 172-11, L. 172-17, L. 172-26, L….
The parties to the contract may not depart from the provisions of articles L. 171-3, L. 172-2, L. 172-3, L. 172-6, L. 172-8, L. 172-9, L. 172-13 (second paragraph), L. 172-17, L. 172-20, L. 172-22, L. 172-28, L. 172-31, L. 173-22-1, L. 175-7, L. 175-8, L. 175-9, L. 175-12, L. 175-13, L. 175-14 (first, second, fourth and fifth paragraphs), L. 175-15, L. 175-16 (second and third paragraphs), L. 175-19, L….
Any legitimate interest, including expected profit, may be the subject of insurance. No person may claim the benefit of insurance unless he has suffered loss.
The insurance may be taken out either on behalf of the policyholder, or on behalf of another specified person, or on behalf of whom it may concern. The declaration that the insurance is taken out on behalf of whomsoever is valid both as insurance for the benefit of the policyholder and as a stipulation pour autrui for the benefit of the beneficiary of the said clause.
This Title does not apply to insurance contracts intended to cover risks relating to pleasure boating. Such contracts are subject to the provisions of Titles I, II and III of this Book. However, the provisions of article L. 124-3 do not prevent the application of the rules concerning the allocation of the insurance indemnity to the constitution of the limitation fund as set out in articles L. 173-23 and L….
Any omission or misrepresentation by the insured which materially diminishes the insurer’s opinion of the risk, whether or not it has affected the damage or loss of the insured object, shall cancel the insurance at the insurer’s request. However, if the insured proves his good faith, the insurer is, unless otherwise stipulated, liable for the risk in proportion to the premium collected compared to the premium he should have collected,…
Any change during the term of the contract, either to what was agreed when the contract was taken out, or to the insured object, which results in a significant increase in the risk, shall result in cancellation of the insurance if it has not been notified to the insurer within three days of the insured becoming aware of it, excluding public holidays, unless the insured provides proof of good faith,…
Any insurance taken out after the loss or damage has occurred or after the arrival of the insured objects or of the carrier vessel is null and void, if the news of it was known, before the conclusion of the contract, at the place where it was signed or where the insured or the insurer was located.
Insurance on good or bad news is void if it is established that, before the conclusion of the contract, the insured had personal knowledge of the loss or the insurer of the arrival of the insured objects.
If the insurer establishes that there has been fraud on the part of the insured or his agent, the insurance taken out for a sum greater than the real value of the insured item is void, and the premium is forfeited. The same applies if the insured value is an agreed value.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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