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Law on business insurance
Law on business insurance
A “BOOST” TO DEVELOPMENT OF THE INSURANCE MARKET
On June 16, 2022, the 3rd meeting of the 15th National Assembly ratified the Law on Insurance Business 2022 which replaces the Law on Insurance Business 2000 (incl. its amendments in 2010 and 2019). The Law on Insurance Business 2022 will take effect on January 1, 2023.
Law on business insurance
Stricter rules on “Online” insurance in China
The China Banking and Insurance Regulatory Commission (“CBIRC”) issued Rules on Internet Insurance Business (“Rules”), which took effect on February 1st, 2021, to effectively defuse the risks and protect the consumers’ interest in the online platform....
Law on business insurance
“TMIV MEMORIES IN ME” – JULY AS THE MONTH OF MEMORIES
Law on business insurance
Principles in the application of exclusion terms
Concerning any type of insurance contract, whether personal, property, or civil liability, the insurer will provide insurance exclusions. This is also one of the compulsory contents in an insurance contract, according to the Law on Insurance Business...
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