Luxembourg, 08/03/2002 (Agence Europe) - The Court of Justice has ruled that an article of the 1992 Royal Belge is incompatible with European law. The ruling imposes that all life insurance policies must inform the policy-holder that cancellation, reduction or surrender of an existing life-insurance contract for the purposes of subscribing to another life-insurance contract is generally detrimental to the policy-holder.
The Axa Royale Belge insurance company had learnt that Georges Ochoa,...