ECJ INSURANCE CASES
March 1st, 2002
BY ALAN OSBORNFRANCE and Luxembourg have been referred to the Europe Court of Justice on the grounds that their compulsory no-claims bonus systems for third-party motor insurance are in breach of the EU's insurance regulations. In both countries premiums are determined by "detailed, mandatory criteria laid down by law that are incompatible with the freedom to market insurance products," the European Commission said.Member states had a right to introduce a scale that took into account damage caused by policyholders or even a uniform no-claims bonus system "but ...
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