Library of Congress

Law Library of Congress

The Library of Congress > Law Library > News & Events > Global Legal Monitor

Japan: New Insurance Law

(July 2, 2008) The Diet (Japan's Parliament) passed the new Insurance Law on May 30, 2008. The old law was enacted in 1911. At that time, the legislature did not foresee the spread of injury and illness insurance, and so there have not been specific provisions for such insurance. The life insurance part of the old law has been applied correspondingly. One of the changes in the law is that the obligation to notify the insurance company of an existing illness and condition of an insurant was changed to the obligation to answer questions asked by the insurance company. There were cases under the old law in which insurance companies unfairly denied the payment of an insurance claim to a beneficiary on grounds of the insurant's violation of the existing illness disclosure obligation. (1seiki buri kaisei, sin hokenho ga seiritsu [New Insurance Law passed, amendment after a century], YOMIURI ONLINE, May 30, 2008 (on file with author).)