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

US: Reduced Collateral in California & NAIC Model Law

Reduction in collateral requirements in respect of US reinsurance contracts with California domiciled cedants and NAIC Model Law to become an accreditation standard.... read more

France: Changes to the Civil Code

Substantial changes have been made to the French Civil Code with effect from 1 October 2016.... read more

Afghanistan: reminder that non-admitted insurance is not permitted

Article 6(1) of Afghanistan’s Insurance Law states that only licensed companies are entitled to provide coverage for insurance risks, sell insurance, or transact insurance business in Afghanistan.... read more

 

What's new

Crystal What's New archive
Latest international regulatory market bulletins

Brazil
SUSEP provides clarification in relation to restrictions on Intra-Group Transfer

Ecuador
Mandatory inclusion of ADR clauses in policies involving Ecuadorian parties or risks located in Ecuadorian territory

France
Changes to the French Civil Code with effect from 1 Oct 2016

New Zealand
All insurance premiums received by Lloyd’s underwriters will be subject to the GST regime with effect from 1 Oct 2016

Portugal
New complaints notice (LSW1879A) and updated pre-contractual information clause (LSW1880) for freedom of services and freedom of establishment basis

Spain
Details on mandatory material damage motor claims agreements

US - Indiana
Moratorium on cancellation and non-renewal

US - Louisiana & South Carolina
New and updated content for non-renewal and mid-term cancellation of homeowner policies

US - Maryland
Details of requirements for accommodation for policyholders impacted by 31 July storm

US - Michigan
New surplus lines export list

For further details access the Crystal What's New report

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