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RESEARCH & BRIEFINGS

Global Insurance Regulatory and Premium Tax Update – August 2015

 


The Global Insurance Regulatory and Premium Tax Update provides a summary of the latest insurance regulation and premium-related developments affecting insurance contracts procured by a multinational group.

The update covers:

  • Canada: Alberta – Premium tax increase.
  • Greece – Increase in insurance premium tax rate.
  • India – Increase in service tax on insurance premiums and broker fees.
  • Indonesia – Restriction on non-admitted insurance; new property tariff rates.
  • Malaysia – Goods and services tax.
  • Namibia – Compulsory cessions.
  • Serbia – Non-admitted insurance.
  • South Korea – Property tariff rules changed.
  • Turks and Caicos Islands – Freight and insurance tax repealed.
  • United Kingdom – Increase in insurance premium tax rate.
  • Vietnam – Premium payment term.