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....
France: Changes to the Civil Code
Substantial changes have been made to the French Civil Code with effect from 1 October 2016....
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....
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