Commissioner Of Insurance - New Guidelines

During July - August 2013, the Israeli Commissioner of Insurance issued three new guidelines:

1. Regarding a policy for serious illnesses
2. In respect of the limitation period in an insurance contract which includes coverage for disability
3. Guidelines for drafting an insurance programme .

Please find herewith details regarding the said guidelines:

Policy for Serious Illnesses:

Insurance programme against serious illnesses which is intended to provide insureds with an agreed amount if it is found that they suffer from a serious illness:

During 2003 the Commissioner issued guidelines regarding the illnesses/medical procedures which should be included in the above mentioned insurance. As medical science has progressed since said date resulting in new medications, the Commissioner finds it necessary to periodically update the list of illnesses/medical procedures within the current guidelines.