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ARTICLE · 14 OCTOBER 2013

Global Corporate Insurance And Regulatory Bulletin – September 2013

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The PRC Supreme Court has recently issued the Interpretations of the Supreme People’s Court on Certain Issues Concerning the Application of the Insurance Law of the People’s Republic of China (II), which came into force on 8 June 2013.

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Edited by David W. Alberts, Colin Scagell, Lawrence R. Hamilton and Vikram Sidhu

Keywords: corporate insurance, regulation, Insurance, reinsurance,

ASIA

CHINA – SECOND JUDICIAL INTERPRETATION HELPS CLARIFY PRC INSURANCE LAW

The PRC Supreme Court has recently issued the Interpretations of the Supreme People's Court on Certain Issues Concerning the Application of the Insurance Law of the People's Republic of China (II) (the "Interpretation"), which came into force on 8 June 2013. The Interpretation clarifies a number of issues relating to insurable interest, duty of disclosure and the insurer's obligations to explain insurance clauses. A summary of the key issues is set out below.

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