Lloyds

Regulatory Communications - October 2017

Monthly roundup of international regulatory news

Lloyd’s Insurance Company in Brussels: Information now available on Crystal

Lloyd’s is setting-up a new European insurance company, located in Brussels, to ensure the market is able to write risks from all 27 countries in the European Union and three in the European Economic Area after the UK leaves the European Union.  Preliminary information about the Lloyd’s Insurance Company in Brussels is now available on Crystal to members of the Lloyd’s market.

Read more


UK: Application of Insurance Premium Tax rate changes

Given the complexity of recent UK Insurance Premium
Tax (IPT) rate changes, Lloyd’s Tax Department are issuing this reminder to the
market on the transitional arrangements and how these apply.

Read more


Solvency II is under review

Solvency II legislation requires the European Commission to carry out a number of reviews of how particular aspects of Solvency II are working in the next few years. The first of these is a review of the standard formula used to calculate the Solvency Capital Requirement.

Read more


Progress on global capital standards

The article provides an update of the International Association of Insurance Supervisors (IAIS) progress on its proposals for a risk-based global Insurance Capital Standard (ICS).

Read more


Morocco: New trading rights in Casablanca Finance City

Lloyd’s has secured new trading rights and appointed a General Representative in Casablanca Finance City, Morocco.

Read more


US: NAIC Codes - At a glance

This article briefly highlights NAIC procedures for writing business in the US and provides an insight into NAIC codes.

Read more


What's new

Crystal What's New archive

Regulatory market bulletins


Cyprus

Excess prohibited on PI policies for insurance intermediaries, with immediate effect.

 

Denmark
EEA insurers must inform customers whether their claim is covered by the Danish guarantee fund. Lloyd's and managing agents will not join as certain Lloyd's policies are covered by the UK FSCS scheme


Europe (Lloyd’s Insurance Company SA)
Brexit information now available on Crystal


Morocco
New trading rights in Casablanca Finance City (CFC) and Lloyd's General Representative appointed from 1 September


US – Alabama, Colorado, District of Columbia, Michigan, Minnesota, Missouri, Mississippi, Ohio, Tennessee, Washington
New claims handling content


US - Colorado
Disability insurance is exportable to the surplus lines market effective 9 August 2017


US – Florida
Emergency order issued by the Florida Office of Insurance Regulation following Hurricane Irma


US – Illinois
New medical malpractice claims reporting content

New nonrenewal of commercial lines content

 

US - Maryland
Updated mandatory disclosure notice for short-term medical coverage


US - New Hampshire
Accident and Health exportability to the surplus lines market content updated


US – Texas
Emergency bulletins issued by the Texas Department of Insurance following Hurricane Harvey

 

 

This email was not sent to anyone else at your organisation.

Lloyd's International Trading Advice


Primary point of contact for advice and information on Lloyd's trading status worldwide.

Online

On site

For quick and easy access to Lloyd's international regulatory and taxation information visit:

www.lloyds.com/crystal

Lloyd's International Trading Advice

Lloyd's Desk, Ground Floor, Underwriting Room

+44 (0) 20 7327 6677

lita@lloyds.com