Share Capital or Liability Insurance?

Abstract

In my opinion, third-party liability insurance contracts could be an appropriate device in the future to replace the damaged reputation of shared capital described in the Hungarian Civil Code. Of course, in the future, it would be necessary to modify the rules of credit practices and creditworthiness assessments. I take the view that in order to make damage statistics more accurate and new insurance products more independent, this new insurance product called third-party liability insurance for share capital should be separated in the function of insurers by way of modifying the Hungarian Insurance Code. The above-mentioned ideas are at the moment theoretical, thoughtprovoking and conversation-generating ideas only, and the detailed new rules and norms should be established and codifi ed following further research.