Regulatory Communications - May 2018

Monthly roundup of international regulatory news

India: Circular on Order of Preference Regulations

Indian regulator issues circular reiterating the need to comply with the current Indian regulations on the Order of Preference.

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Lloyd's International Trading Advice market consultancy services

Lloyd’s International Trading Advice (LITA) would like to inform market participants that, in keeping with market modernisation efforts to meet the unique and rapidly changing needs of the Lloyd’s market, the set LITA desk hours in the Underwriting Room have been discontinued.

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What's new

Crystal What's New archive

Regulatory market bulletins

In March 2018, the China Insurance Regulatory Commission (CIRC) merged with the banking regulator, the China Banking Regulatory Commission (CBRC), to become the China Banking and Insurance Regulatory Commission (CBIRC).

Change in Ecuadorian withholding tax rate on reinsurance premiums from 5.5% to 6.25% effective from 1 January 2018.

IDD has been transposed into German law and is effective from 23 February 2018.

German Financial Supervisory Authority allows coverage of ransom payments in cyber policies.

Unfair clauses in accident and health insurance policies.

Puerto Rico
Updated commercial lines non-renewal content.



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