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jeudi 26 décembre 2019
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Are administrative fines insurable in Luxembourg?

Mensuel de décembre 2019   By Miryam LASSALLE, Counsel, NautaDutilh   Nemo auditur propriam turpitudinem allegans – in what way can parties invoke their own misconducts to claim rights?   Under Luxembourg insurance contract law, loss resulting from the misconduct of policyholders or insureds is insurable; Article 14(2) of the Insurance Contract Act(1) states that an insurer will cover even gross misconduct unless the contract provides otherwise.   Misconducts’ insurance   Misconducts’ insurance is a fundamental principle under Luxembourg insurance contract law and has proven to be an effective method of risk management with respect to professional...
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