The parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract are the reinsurer, who assumes the...
This Practice Note considers fundamental dishonesty both in the context of section 57 of the Criminal Justice and Courts Act 2015 (CJCA 2015) and the...
Decennial insurance is insurance that is taken out by contractors to cover costs associated with the potential collapse of a building after completion...
Vitiation of an insurance policyAn insurance policy may be vitiated (or invalidated) if the insured:•misrepresents or fails to disclose any material...
What is insurance law?Insurance law can be split into three parts:•insurance contract law which governs the contractual relationship between insureds...
This Practice Note looks at the limitation period for professional negligence (prof neg) claims and explains how to determine the date of accrual in...
With the significant rise in the use of Warranty and Indemnity (W&I) insurance in private M&A transactions, lawyers are increasingly involved in the...
Brexit: This Practice Note contains guidance on subjects impacted by the UK’s withdrawal from the EU. As of 31 January 2020 (exit day), the UK is no...
Arbitrations arising from insurance and reinsurance disputes share many common features with other types of commercial arbitration. This Practice Note...
Background to the regulated activities of effecting and carrying out contracts of insuranceThe regulation of carrying on insurance business in the UK...
Under the general prohibition a person cannot carry out a regulated activity, or purport to carry out a regulated activity, in the UK unless they are...
Where and how does the general prohibition apply?There is a fundamental prohibition at the heart of the UK regulatory regime whereby a person cannot...
Strictly private and confidentialTo: [Insert legal name of customer organisation] (a company registered in [insert], with company registration number...
BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...
This Practice Note outlines the relevant legislative provisions stipulating the requirement to be authorised to provide financial services in the UK....
BREXIT: The UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. To ensure...
This Practice Note provides an introduction to the exemptions and exclusions that apply in relation to the general prohibition contained in section 19...
Background to the regulation of assisting in the administration and performance of insurance contractsUnder section 19 of the Financial Services and...
An Agreement dated [date] governing the conduct of Insurance Business between:1[Full name of insurance company][(insert company acronym)] incorporated...
Article 25(1) of the Insurance Distribution Directive (Directive (EU) 2016/97) (IDD) requires insurance undertakings, as well as intermediaries which...
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