INDIA: PROFESSIONAL INDEMNITY INSURANCE REQUIRED FOR INTERMEDIARIES
On 11 June 2021, the Insurance Regulatory and Development Authority of India has issued Guidelines on Standard Professional Indemnity Policy for insurance intermediaries. These Guidelines have come into force from 1 July 2021.
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....
NATIONAL INSURANCE DATABASE: STEPPING UP ADMINISTRATIVE REFORM
Towards the goal of building a modern, transparent and effective Vietnam e-Government, the Government has issued Decree No. 43/2021/ND-CP regulating the establishment installment , management, exploitation and use of the Vietnam National Insurance Database, effective from June 1st, 2021.
LAW ON ENTERPRISE 2020: TRANSFORMATION ON ADMINISTRATIVE PROCEDURES & CORPORATE GOVERNANCE
Ratified at the 9th session of the XIV National Assembly on June 17th, 2020, the Law on Enterprise No. 59/2020/QH14 ("LOE 2020") officially came into effect from January 1st, 2021 and completely replaced Law on Enterprise 2014.