Conclusion of life insurance contracts in contemporary law

Given the exceptionally important role that the life insurance contract holds in the field of insurance law, as well as its unique legal nature and broad application, this paper analyzes the legal aspects of concluding such a contract in contemporary law. The research examines the key legal sources related to the conclusion of life insurance contracts, as well as the principles and rules governing this area. Additionally, it explores the specific obligations of the contracting parties, due to the significant role of the principles of good faith and fairness in insurance law. A special focus is placed on the comparative analysis of legislative solutions in different legal systems. The paper contains analyzis of the regulatory framework for concluding life insurance contracts not only in the Republic of Serbia but also in the legal systems of the former Yugoslav states, as well as in Germany and France. This approach provides a clear overview of the extent to which the Serbian legal system aligns in this particular regard with the surrounding countries and with the legal frameworks of some of the most influential and powerful European states.