lloyds.com
Regulatory Communications
A monthly round up of international regulatory news

Monaco: New term life licence and confirmation of trading status

Lloyd’s underwriters have new licence arrangements in Monaco, which now include permission to write term life insurance on an onshore basis, i.e. through coverholders located in Monaco.... read more

Changes to permitted reinsurance placements outside CIMA countries

A recent amendment to the Insurance Code in CIMA zone countries limits permitted reinsurance placements outside the CIMA zone.... read more

Lloyd's International Regulators' Programme 2016

In September, the Lloyd’s International Regulatory Affairs team hosted Lloyd’s 16th annual International Regulators’ Programme, attended by 22 senior regulators from 18 jurisdictions.... read more

Appointment of resident General Representative for Lloyd's underwriters in Mauritius

Lloyd’s has appointed Paul Halpin as its first General Representative in Mauritius.... read more

 

What's new

Crystal What's New archive
Latest international regulatory market bulletins

Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Comoro Islands, Congo, Equatorial Guinea, Gabon, Ivory Coast, Mali, Niger, Senegal, Togo
Changes to permitted reinsurance cessions outside of CIMA countries

Canada
LMA3104A and LMA3105A now include the name of the Canadian broker

France
Reduction in tax rate of agricultural fund from 1 January 2016

Italy
New minimum requirements for lawyers' professional indemnity policies will apply from 11 October 2017

Personal accident insurance for lawyers will be compulsory from 11 October 2017

Luxembourg
New premium tax of 3% on Motor Third Party Liability with effect from 1 October 2016

Mauritius
New Lloyd’s General Representative appointed

Monaco
Lloyd’s underwriters are authorised to write term life insurance onshore

Namibia
New Lloyd’s Deputy Representative appointed

Northern Mariana Islands
New surplus lines exemptions

Updated service of suit requirement

Sweden
Continuation insurance for life business

Switzerland
Lloyd’s joined the Swiss Insurance Ombudsman on 1 October 2016

UK
Insurance Premium Tax rate increased to 10% with effect from 1 October 2016

US – Arkansas, Connecticut, Michigan, New York, Oklahoma, Tennessee
Updated diligent search requirement

US - Florida
Guidance on applying deductibles for Tropical Storm / Hurricane Hermine

US - Indiana
Moratorium on cancellation and non-renewal

US - Iowa
Moratorium on cancellation for disaster affected counties

US - Louisiana
Emergency rule on cancellation and non-renewal

Suspension of cancellation and non-renewal provisions

US - New Hampshire
Surplus lines exempt from mid-term cancellation requirements

US - New Mexico
Mid-term cancellation requirements applicable to surplus lines

US - North Carolina
Stay of proof of loss requirements and premium deferrals in areas impacted by Hurricane Matthew

Mandatory notice of right to mediation for residential property disaster claims

US - Texas
Updated content for non-renewal and mid-term cancellation of homeowners’ policies

For further details access the Crystal What's New report

Lloyd's International Trading Advice

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