Beneficiary clause

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

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