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

November 27, 2019

Practical Law Insurance and Reinsurance Q&A Guide: 2019 Cambodia Update

Subscribe to Updates
Thomson Reuters Practical Law

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.

Download Full Article
Related Professionals

Industries

Insurance

Location

RELATED INSIGHTS​ 

July 8, 2015
Practical Law Company has published the latest edition of its multi-jurisdictional guide to Insurance and Reinsurance, a country-specific Q&A guide that provides overviews of insurance and reinsurance law and practice in 28 jurisdictions around the world. Vinh Quoc Nguyen, senior attorney-at-law, and Jim Dao, registered foreign attorney, at Tilleke & Gibbins, coauthored the Vietnam chapter of the guide.
Read More
July 8, 2015
The 2015/16 edition of Practical Law Company’s multi-jurisdictional guide to Insurance and Reinsurance  has been published. The guide is presented in a country-specific Q&A format and provides detailed overviews of insurance and reinsurance law and practice in key jurisdictions worldwide. Tilleke & Gibbins authored the Thailand chapter of the guide, which delves into the following subjects:
Read More
May 1, 2015
To promote and develop Thailand’s growing insurance industry and prepare for greater market activity under the Asean Economic Community, the government recently amended the laws governing the country’s life and non-life insurance industries for the third time. Formally known as the Life Insurance Act No. 3 of 2015 and the Non-Life Insurance Act No. 3 of 2015, the amendments took effect on March 6, seven years after the previous amendments were made. The changes can be divided into three main parts as follows:
Read More
January 7, 2015
Tilleke & Gibbins, in association with Lex Mundi, has published the latest edition of the Guide to Doing Business in Thailand. The guide provides a comprehensive overview of the legal and business environment for investors entering the Thai market. In particular, it covers topics such as the current political climate, investment incentives, financial facilities, exchange controls, import and export regulations, establishing and operating a business, labor and employment, tax, and immigration requirements.
Read More