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Global Insurance Regulatory and Premium Tax Update July 2014


The Global Insurance Regulatory and Premium Tax Update is a summary of the latest insurance regulation and premium-related news that could affect 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.