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Hogan Lovells | Spain | 7 May 2020

The Spanish insurance sector in the light of the COVID-19 pandemic

As from the second week of March 2020, we have witnessed the publication of several laws That seek to address the significant challenges posed by the…

Finlaysons | Australia | 1 Apr 2020

COVID-19: Life Insurance Cover - Not as Easy as Just “Ticking a Box”

In light of the recent developments with COVID-19 and the risks it has generated to public health, individuals may consider obtaining or altering…

Faegre Drinker Biddle & Reath LLP | USA | 28 May 2019

South Carolina DOI Addresses Statutory Compliance and Timing of Rescissions

The South Carolina Department of Insurance recently issued a bulletin with the stated purpose of reminding life insurers “that they are required to…

Gowling WLG | United Kingdom | 9 Apr 2019

Death benefit scheme tax reform: How to make it work for you

A change to tax law on 6 April 2019 means that an often-overlooked statutory rule has been lifted; simplifying the tax efficiency of contributions…

Harper Grey LLP | Canada | 9 Apr 2019

Life insurance suit barred by one-year statutory limitation period

The plaintiffs, on behalf of a deceased insured’s estate, brought an action against the insurer on November 13, 2015. The plaintiffs alleged that the…

Baker McKenzie | Vietnam | 5 Apr 2019

Vietnam Proposes Abolishment of Registration Requirements of Life Insurance Standard Contracts and General Terms and Conditions with the Consumer Protection Authority to Simplify Procedures for Life Insurers

Over the last 3 years, life insurers in Vietnam have been subject to a registration requirement by the Ministry of Industry and Trade ("MOIT") as the…

DLA Piper | European Union, Italy | 28 Mar 2019

AML novelties for life insurance operators in Italy

The Treasury department of the Italian Ministry of Economy has put in consultation the draft of the legislative decree with which the V AML directive…

Dentons | Canada | 12 Mar 2019

Doctrine of unjust enrichment may deprive named beneficiaries of life insurance proceeds

Designated beneficiaries of a life insurance policy have traditionally had a high degree of certainty that they would be entitled to the policy…

Sullivan & Cromwell LLP | USA | 27 Feb 2019

New York Department of Financial Services Addresses Use of External Consumer Data and Information Sources in Underwriting for Life Insurance: NYDFS Issues Circular Letter on the Use of External Consumer Data and Information Sources in Underwriting for Life Insurance

On January 18, 2019, the New York State Department of Financial Services ("NYDFS") issued a circular letter ("Circular Letter") to all insurers…

K&L Gates | Australia | 25 Feb 2019

Royal Commission Report - Life Insurance and General Insurance

The Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was released on 4 February…
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