Common guidelines to facilitate the actions of insurance corporations across the EU, make sure that they will survive in difficult occasions, and shield policyholders. Article 63 The insured or the applicant may change the beneficiary and notify the insurer of this in writing. Article 3 Insurance coverage activities carried out within the territory of the Individuals’s Republic of China shall be governed by this Law. Article 9 The insurance supervision and management authority below the State Council shall be liable for supervision and control of the insurance trade in accordance with this Regulation.
Article four Insurance actions shall be performed in compliance with laws and administrative rules and rules, with respect for public morality and on the principle of voluntary participation. Article 39 The place an applicant requests termination of the contract previous to graduation of insurance coverage legal responsibility, the applicant shall pay service costs to the insurer and the insurer shall then refund the premiums paid.
Article fifty three The applicant has insurance coverage curiosity within the following individuals: (1) the applicant himself; (2) the applicant’s partner, children and oldsters; or (3) apart from the above-mentioned, other members of the family and close kin bearing foster or assist … Read More
Frequent rules to facilitate the actions of insurance coverage corporations throughout the EU, make sure that they will survive in tough times, and defend policyholders. Article 91 In the absence of provisions in this Regulation, with regard to such matters because the institution of, modifications to, dissolution and liquidation of an insurance company, the Company Law and other related laws and administrative guidelines and rules shall apply.
Our international specialists advise insurers, reinsurers, intermediaries, brokers and different financial services firms in this sector on corporate insurance, listings, M&A, regulatory issues, restructuring and insolvency, litigation, capital markets and employment. Double insurance coverage means such insurance coverage whereby an applicant enters into separate insurance coverage contracts with two or extra insurers on the same subject material of insurance, the identical insurable interests and the same insured occasion.