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Italy: Civil Liability of Port Pilots

(Dec. 30, 2016) On January 3, 2017, new legislation on the civil liability of port pilots will enter into effect in Italy.  (Law No. 230 of December 1, 2016, Amendments to the Navigation Code Concerning the Civil Liability of Port Pilots and Technical-Nautical Services (Law No. 230), NORMATTIVA (in Italian).)  Port pilots are responsible for […]

Israel: Uniformity of Student Personal Injury Insurance

(Aug. 5, 2016) On July 26, 2016, the Knesset (Israel’s parliament) passed the Personal Injury Insurance for Students (Amendment) Law, 5776-2016 (Amendment Law) (Knesset website (scroll down and click on issue No. 649 to view) (in Hebrew)).  The Amendment Law amends the Mandatory Education Law and the Municipalities Ordinance. (Mandatory Education Law, 5709-1949 (as amended) […]

Iran: New Insurance Law Provides for Equal Compensation to Women in Traffic Accidents

(Apr. 11, 2016) It was reported on March 15, 2016, that Iran’s Guardian Council, a 12-member body that vets legislation to ensure it conforms to Shari’a law, had approved the Third Party Insurance Bill. The legislation, which is expected to become effective in the near future, “will bind insurance companies to compensate victims of road […]

Italy: Comprehensive Legislation on the “Green Economy”

(Feb. 24, 2016) On December 28, 2015, Italy passed historic and wide-ranging legislation for the promotion of the “green economy.” Law No. 221 entered into effect on February 2, 2016.  (Law No. 221 of December 28, 2015, Provisions on the Environment to Promote the Green Economy and to Restrict the Excessive Use of Natural Resources […]

Israel: State Funding of Child Savings Accounts

(Jan. 13, 2016) On November 18, 2015, the Knesset (Israel’s parliament) passed legislation providing for the transfer of funds by the National Insurance Institute (NII) into child savings accounts (CSAs).  (Economic Improvement (Amendments for Reaching Budget Goals for Budget Years 2015 and 2016) Law, 5776-2015, §§ 28–29, SEFER HAHUKIM [BOOK OF LAWS (the official gazette), […]

Indonesia: Circulars Issued on Bank Accounts for Foreigners, Other Financial Services

(Sept. 18, 2015) Indonesia’s Financial Services Authority has recently issued a number of regulations and circulars, including a Regulation on Framework Provisions on the National Economic Stimulus for Banks (Regulation No. 11/POJK.03/2015) and a Regulation on Framework Provisions of the National Economic Stimulus for Islamic Banks and Sharia Businesses (Regulation No. 12/POJK.03/2015, in addition to […]

China: New Measures on Travel Liability Insurance

(Jan. 6, 2011) On November 25, 2010, the National Tourism Administration (NTA) and the China Insurance Regulatory Commission (CIRC) issued the Measures on the Administration of Travel Agency Liability Insurance. The Measures, which will be in effect as of February 1, 2011, include provisions on the process of taking out insurance, compensation, supervision and inspection, […]

South Africa: Constitutionality of Road Accident Fund Act Provision Challenged

(May 10, 2010) It was reported on May 7, 2010, that the constitutionality of a provision of the Road Accident Fund Act on the statutory limitation period for making claims against the Fund is being challenged before South Africa's Constitutional Court. (Ernest Mabuza, Three-Year Accident Claim Limit to Come Under Scrutiny in Constitutional Court Hearing, […]

Peru: Mandatory Insurance for Traffic Accidents

(July 1, 2009) On May 13, 2009, Javier Velasquez Quesquen, the President of the Congress of Peru, enacted a law amending Law No. 28515 on the promotion of transparency of information concerning the mandatory insurance to cover traffic accidents (known as SOAT). The amendment establishes the obligation of insurance companies to provide written notification to […]

Peru: Registry of Information on Life Insurance Contracts

(June 3, 2009) On May 8, 2009, the President of the Congress of Peru signed Law No. 29355, creating the National Registry of Information on Contracts of Life Insurance and Personal Accidents with Coverage of Death or Accidental Death. The purpose of the Registry is to provide information on the insured and, at their death, […]