The beneficiary clause under insurance law is the exercise of the policyholder’s highly personal right to create a third party’s own right to the insurance claim (in whole or in part). It makes the insurance contract a genuine contract in favour of a third party.
Term-Nr.: 119
German: Begünstigungsklausel (147)
Source: LK-Lötscher, 11.05.2020
Leave a Reply
Want to join the discussion?Feel free to contribute!