Understand the foundational principles that govern insurance and reinsurance law. This topic offers clear explanations of key concepts, ensuring you have a solid grasp of the essentials needed for effective practice. Discover practical insights and resources tailored to help you navigate the regulatory landscape and common challenges faced in insurance and reinsurance cases.
This week's edition of Insurance & Reinsurance weekly highlights includes: FCA names first solo-regulated firms to join Scale-up Unit, PRA publishes...
This week's edition of Insurance & Reinsurance weekly highlights includes: a statement from the ESAs calling for a supervisory approach that mitigates...
This week's edition of Insurance weekly highlights includes: the PRA’s updated statement of policy on it’s approach to the publication of Solvency II...
This week's edition of Insurance & Reinsurance weekly highlights includes: the PRA’s consultation on amalgamations and transfer guidance for friendly...
Public liability insurance—essentialsPublic liability insurancePublic liability insurance is a form of liability insurance that indemnifies a...
Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation...
Insurable interestThis Practice Note considers insurable interest, including insurable interest in construction and liability insurance. It also...
Insurance agents and brokersWhat is the difference between an agent and a broker?Where insurance is transacted through an intermediary, that...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin termDefinitionMeaningActa iure imperiiLegal
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