Authored by Appleby Isle of Man’s Juan Thornley and Michelle Brook, this Q&A is a legal guide to insurance and reinsurance in the Isle of Man and provides a high level overview of a number of topics, including:
- the regulatory framework for insurance and reinsurance activities;
- rules relating to authorisation of insurers and reinsurers and insurance intermediaries;
- ownership restrictions;
- ongoing requirements;
- penalties for non-compliance with regulatory requirements;
- sales and marketing of insurance/reinsurance services;
- transfer of risk;
- reinsurance contracts and risks;
- contracts and policies;
- claims;
- dispute resolution;
- insolvency; and
- tax.
To access the pdf of the Q&A Guide, please follow the link: Insurance and Reinsurance in the Isle of Man Overview
Reproduced from Practical Law with the permission of the publishers. For further information, visit their website..
