7. Compulsory insurance contract. Obligation of the insurer to pay late payment penalties Cover Image
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7. Contract de asigurare obligatorie. Obligarea asigurătorului la plata penalităţilor de întârziere
7. Compulsory insurance contract. Obligation of the insurer to pay late payment penalties

Author(s): Viorel Terzea
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Universul Juridic
Keywords: compulsory insurance contract; the insurer; pay late payment penalties;

Summary/Abstract: If the insurer does not comply with its obligation to state the reasons for the refusal to pay compensation, it owes late payment penalties from the date of expiry of the 30 day period, which starts to run from the date of the injured party's request for compensation.

  • Issue Year: 2021
  • Issue No: 02
  • Page Range: 58-64
  • Page Count: 7
  • Language: Romanian
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