Insurance contracts have always had an aura of mystery about them in the eyes of law students and lawyers. This is because they are contracts of the utmost good faith....
This Practice Note covers the regulated activities of providing basic advice to retail consumers on stakeholder products and of advising on: • securities and relevant...
What is the Lloyd’s market? The Lloyd’s market is an insurance market, whose origins date back to the seventeenth century. Merchants would meet at Edward Lloyd’s coffee...
The Financial Conduct Authority (FCA) has statutory objectives which include the protection and enhancement of the integrity of the UK financial system. The integrity of...
Arranging deals in investments, operating a multilateral trading facility (MTF) and operating an organised trading facility (OTF) are regulated activities under articles...
Background to the regulation of assisting in the administration and performance of insurance contracts Under section 19 of the Financial Services and Markets Act 2000...
Dealing as principal or as agent Authorised persons can obtain permission to deal in investments as principal, or as agent for another. Dealing in investments as...
Background to the regulated activities of effecting and carrying out contracts of insurance The regulation of carrying on insurance business in the UK dates back to 1870...
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a...
BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
This Practice Note sets out the passporting rights and related notification requirements of insurance undertakings established in the European Economic Area (EEA). For...
Terms of Reference for the Wholesale Insurance Market Study The Financial Conduct Authority (FCA) launched a market study (MS 17/2) into the wholesale insurance market on...
What is insurance law? Insurance law can be split into three parts: • insurance contract law which governs the contractual relationship between insureds and insurers •...
Click here to download the latest Insurance & Reinsurance 2019 report, published by Getting the Deal Through. Jurisdictions covered The following jurisdictions are...
Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
Introduction to the Insurance Act 2015 The Insurance Act 2015 (IA 2015) received Royal Assent on 12 February 2015 and, apart from Part 6 of the Act, came into force on 12...
Consistent with the common law of contract, an insurer is not able to transfer the burden of its obligations under a contract of insurance without the consent of the...
The Insurers (Reorganisation and Winding-Up) Regulations 2003 (SI 2003/1102) (2003 Regulations) were introduced to implement the EU Directive on the Reorganisation and...
BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
Takaful is a means of providing risk-cover conducted in line with the principles of Islam. To understand the mechanics of takaful and its documentation, it is critical to...
Like their conventional counterparts, takaful operators (ie Islamic insurance providers) have a number of ways to distribute their Shari’ah compliant life insurance...
What is a friendly society? There has been a system of registration, and with it regulation, of friendly societies since the enactment of the first Friendly Societies Act...
Takaful is the provision of risk-cover conducted in line with the principles of Islamic law (Shari’ah). It offers a unique and important alternative to conventional...
This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of insurance and the...
