What's new summary April 2012

• Australia
  Class specific regulations - Updated list of syndicates who have opted into the Australian Reinsurance Pool Corporation (ARPC) scheme
• France
  Class specific regulations - 2012 GAREAT procedure manual and list of opt-out syndicates now available
• Greece
  Class specific regulations - Limits for motor liability have been increased
• Guernsey
  Insurance documentation - Clarification regarding the use of warranties and cooling off periods
• India
  Lloyd’s authorisation - Update regarding cross border reinsurer registration
• Lithuania
  Insurance documentation - Details of pre-contractual obligations, cancellation and renewal and claims provisions
• Morocco
  Lloyd’s Authorisation - The list of classes subject to the obligatory 10% reinsurance cession to the state reinsurance company has been reduced to motor, workers' compensation and general liability risks only.
• Papua New Guinea
  Lloyd’s authorisation - Updated information regarding Lloyd's authorisation
• Romania
  Insurance documentation - New requirements regarding pre-contractual information, minimum policy information, language of contract, cancellation and claims notification
• Saint Barthelemy
  Routes into Lloyd's - Local intermediaries no longer have to be approved by Lloyd's as open market correspondents
• USVI
  Lloyd’s authorisation - Clarification regarding surplus lines status
  Insurance documentation - Information regarding surplus lines risks
• Vanuatu
  Pre-placement considerations - Updated definition of risk location

For further details access the Crystal what's new report

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