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Policy preparation and wordings

Supporting multinational placements

Usually a single contract can be issued to cover multiple countries. 

The recently updated MRC Guidance is the London Market standard for Open Market Placement and is designed to support multinational placements.

When preparing wordings for any multinational policy it is important that any local requirements are addressed in the contract. Tools to support the process are:

In some cases, local licensing rules require local policies and additional regulatory and tax rules may apply. 

Further territory specific guidance can be found in Crystal. Summary information for some key countries can be found on the Country profiles page.