Contract of payment protection insurance
Although fairly widespread in the practice of domestic banks, payment protection insurance represents something very unknown to the average consumer of financial services. Author intends to explain mechanism of mentioned product of insurance with emphasis on potential negative effects notices in the...
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| Format: | Article |
| Language: | English |
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University of Belgrade, Faculty of Law, Belgrade, Serbia
2017-01-01
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| Series: | Anali Pravnog Fakulteta u Beogradu |
| Subjects: | |
| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2017/0003-25651702091P.pdf |
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| _version_ | 1850162219835195392 |
|---|---|
| author | Petrović-Tomić Nataša |
| author_facet | Petrović-Tomić Nataša |
| author_sort | Petrović-Tomić Nataša |
| collection | DOAJ |
| description | Although fairly widespread in the practice of domestic banks, payment protection insurance represents something very unknown to the average consumer of financial services. Author intends to explain mechanism of mentioned product of insurance with emphasis on potential negative effects notices in the practice of insurance. Since the author gives enough arguments in favour of the statement that credit consumer is vulnerable consumer she proposes the introduction of saving component in payment protection insurance which covers death of the insured person. The point is to harmonize our law with comparative law. In order to secure better protection of insured it is recommended to expand insurance coverage. Author concludes that payment protection insurance currently represents highly risky transaction in Serbian practice of insurance, concluded contrary to the interests of insured. It is necessary to revise the general conditions of insurance of domestic insurers as well as oblige banks to meet legal obligations, especially the duty to inform insured. |
| format | Article |
| id | doaj-art-fa7e90631a1b4acba8a9110c8d24e13a |
| institution | OA Journals |
| issn | 0003-2565 2406-2693 |
| language | English |
| publishDate | 2017-01-01 |
| publisher | University of Belgrade, Faculty of Law, Belgrade, Serbia |
| record_format | Article |
| series | Anali Pravnog Fakulteta u Beogradu |
| spelling | doaj-art-fa7e90631a1b4acba8a9110c8d24e13a2025-08-20T02:22:37ZengUniversity of Belgrade, Faculty of Law, Belgrade, SerbiaAnali Pravnog Fakulteta u Beogradu0003-25652406-26932017-01-016529111210.5937/AnaliPFB1702091P0003-25651702091PContract of payment protection insurancePetrović-Tomić Nataša0University of Belgrade, Faculty of Law, Belgrade, SerbiaAlthough fairly widespread in the practice of domestic banks, payment protection insurance represents something very unknown to the average consumer of financial services. Author intends to explain mechanism of mentioned product of insurance with emphasis on potential negative effects notices in the practice of insurance. Since the author gives enough arguments in favour of the statement that credit consumer is vulnerable consumer she proposes the introduction of saving component in payment protection insurance which covers death of the insured person. The point is to harmonize our law with comparative law. In order to secure better protection of insured it is recommended to expand insurance coverage. Author concludes that payment protection insurance currently represents highly risky transaction in Serbian practice of insurance, concluded contrary to the interests of insured. It is necessary to revise the general conditions of insurance of domestic insurers as well as oblige banks to meet legal obligations, especially the duty to inform insured.http://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2017/0003-25651702091P.pdfconsumer creditpaymentpayment protection insuranceconsumer protection |
| spellingShingle | Petrović-Tomić Nataša Contract of payment protection insurance Anali Pravnog Fakulteta u Beogradu consumer credit payment payment protection insurance consumer protection |
| title | Contract of payment protection insurance |
| title_full | Contract of payment protection insurance |
| title_fullStr | Contract of payment protection insurance |
| title_full_unstemmed | Contract of payment protection insurance |
| title_short | Contract of payment protection insurance |
| title_sort | contract of payment protection insurance |
| topic | consumer credit payment payment protection insurance consumer protection |
| url | http://scindeks-clanci.ceon.rs/data/pdf/0003-2565/2017/0003-25651702091P.pdf |
| work_keys_str_mv | AT petrovictomicnatasa contractofpaymentprotectioninsurance |