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Global Insurance Regulatory and Premium Tax Update – October 2014


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:

  • China – Product liability.
  • Republic of the Congo – Premium tax increase.
  • Denmark – Environmental contribution.
  • Germany – Premium tax.
  • Ghana – Cash before cover.
  • Hong Kong – Directors and officers liability.
  • Japan – Consumption tax.
  • Kenya – Formal approval requirement.
  • Nigeria – Approval for offshore reinsurance.
  • Saudi Arabia – Compulsory insurance.
  • Slovakia – Insurers’ levy.
  • Zambia – Policies and premium in US dollars.