Unfair Terms in Insurance Contracts

Abstract

The objective of this article is to analyze the insurance contract, a characteristic adherence contract that, because it is developed by insurance companies using preset formats, tends to include unfair terms. Regarding methodology, documentary sources were reviewed and a descriptive investigation was made regarding the regulation of unfair terms in the Venezuelan legal system and other laws. Results indicated that unfair terms are commonly used by the insurance practice; therefore, their regulation is required as is their prohibition through mandatory norms that tend to protect the weak party, even while the validity of the autonomy of parties principle is affirmed in the signing of insurance contracts.