This Practice Note considers the permissions regimes for UK (re)insurers and (re)insurance intermediaries in certain EU jurisdictions, including France, Germany, Italy, Malta, Netherlands and the Republic of Ireland, and Spain after the end of the Brexit implementation period and it considers Brexit passporting in insurance.
This Practice Note provides an overview of the key points of the Third Parties (Rights Against Insurers) Act 2010 and practical guidance as to its application as compared with the former position under the Third Parties (Rights Against Insurers) Act 1930.
In the UK, the primary responsibility for administering the sanctions framework is taken by HM Treasury, in particular the Office of Financial Sanctions Implementation. A number of other government departments also have involvement in the system of UK sanctions, including the Department for Business, Energy and Industrial Strategy. Insurers must negotiate a patchwork system of financial and trade sanctions.
This Practice Note considers the implications for UK insurance disputes in the event of a no deal Brexit.
This Practice Note considers the implications for the regulated UK insurance sector of a no deal Brexit, including its effect on passporting and Part VII portfolio transfers.
This Practice Note provides guidance in relation to sanction clauses in insurance policies. It explains the effect of sanctions and the purpose of sanctions clauses in the context of insurance. It also provides guidance on drafting sanctions clauses and commentary on the widely used Lloyd's Market Association 3100 clause.
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