Title VII: Marine, air and aviation, river and lake, goods transported by all modes of transport and space liability insurance contracts

The insurer cannot be obliged to repair or replace the insured items.

In the event of compensation for total loss, deemed total loss or negotiated total loss of the aircraft, the proceeds from the salvage of the wreckage are acquired by the insurer, without necessarily transferring ownership of the wreckage to the insurer.

In the event of a total loss, deemed total loss or negotiated total loss of the aircraft, the insurer has the option of transferring ownership of the aircraft.

In liability insurance, the insurer is only liable if, following an event provided for in the contract, an out-of-court or legal claim is made against the insured by the injured third party.

The insurer may stipulate that no acknowledgement of liability or settlement made outside the insurer may be set up against it. The admission of the materiality of a fact cannot be equated with an admission of liability.

The insurer who has paid the insurance indemnity acquires, up to the amount of its payment, all the rights of the insured arising from the damage which gave rise to cover.