The latest update to the Cambodia chapter of Thomson Reuters’ Practical Law guide to insurance and reinsurance has been published, written by legal practitioners from Tilleke & Gibbins’ Phnom Penh office.
The guide is a Q&A-style overview of insurance and reinsurance law in 38 jurisdictions worldwide, with the firm’s Cambodia contribution 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 brings together guides to key legal practice areas around the world for business lawyers. Tilleke & Gibbins contributes many overviews on various legal practice areas in Southeast Asia, including regular updates to the Laos, Myanmar, Thailand, and Vietnam chapters of the Practical Law guide to insurance and reinsurance law.
The full Cambodia Q&A chapter is available below as a PDF.