You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

February 20, 2018

Practical Law Insurance and Reinsurance Global Guide 2018 – Laos

Subscribe to Updates
Practical Law

Members of Tilleke & Gibbins’ regional insurance practice, including Dino Santaniello, head of the firm’s office in Laos, and Saithong Rattana, attorney-at-law, have contributed to the debut Laos chapter in Insurance and Reinsurance, published by Practical Law Company.

The Q&A-style guide provides an overview of insurance and reinsurance law in 38 jurisdictions worldwide, with the Laos chapter covering market trends; regulatory framework and relevant legislation, such as the Insurance Law; regulation of insurance and reinsurance contracts; corporate structure insurers and reinsurers can take; regulation of insurers and reinsurers; operating restrictions; restrictions on ownership or control; ongoing requirements for authorized or licensed entities; penalties for non-compliance; restrictions on marketing and sales; reinsurance monitoring and disclosure requirements; insurance and reinsurance policies; implied terms; customer protections; policies and claims, including time limits and enforcement; insolvency of insurers and reinsurers; taxation of insurers and reinsurers; dispute resolution; and reform.

Practical Law Company is a legal publishing company that provides legal know-how for business lawyers. Tilleke & Gibbins also contributed the Cambodia, Thailand, and Vietnam chapters of the guide.

Download Full Article
Related Professionals

Industries

Insurance

Location

RELATED INSIGHTS​ 

November 9, 2020
The latest update to the Myanmar chapter of Thomson Reuters’ Practical Law guide to insurance and reinsurance has been published, written by legal practitioners from Tilleke & Gibbins’ Yangon office. The guide presents a Q&A-style overview of insurance and reinsurance laws and practices in major jurisdictions around the world. The Myanmar chapter of the guide was written by Ross Taylor, counsel; Yuwadee Thean-ngarm, director of the firm’s office in Myanmar; and Nwe Oo, attorney-at-law. The chapter provides information on the following subjects:
Read More
September 3, 2020
On July 31, 2020, Thailand’s Office of Insurance Commission (OIC) imposed a host of new measures aimed at regulating the issuance of insurance policies and the conduct and duties of insurance agents and brokers.These measures are contained in two new notifications: the Notification re: Conditions Relating to the Issuing and Offering of Insurance Policies of Insurance Companies; and the Notification re: Duties of Life and Non-life Insurance Agents, Brokers, and Banks. The key provisions to note are identified below.General Duties of Insurance Companies
Read More
June 17, 2020
The COVID-19 crisis has posed questions for the insurance industry on a vast scale. From individuals who have actually contracted the virus, to those rendered unemployed by the economic crisis, to businesses that have been forced to close as a result of shutdown measures, almost no one has escaped loss of one form or another, and as the situation steadily returns to normal, increasing numbers of people are questioning whether  those losses are covered under insurance policies.
Read More