Ordinance
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Art. 14 Protection of the injured party
1 Cancellation of the insurance policy by the insurance company is not permissible after the occurrence of the insured event. 2 Within the framework of the insurance coverage, the injured party or legal successor has a direct claim against the insurance company. Objections cannot be raised on the basis of the insurance policy or the Insurance Policies Act of 2 April 190826. 3 If the insurance company is subject to action under paragraph 2, it shall have a right of recourse against the insured party. 4 Paragraphs 1–3 apply mutatis mutandis if security of equivalent value is provided in accordance with Article 13 paragraph 1 letter b. |
