Insurance and Reinsurance in Guernsey: Overview

This article is reproduced from Practical Law with the permission of the publishers.  For further information, visit practicallaw.com. 

Partner Helen Wyatt and Counsel Chantal Barrett have written a Q&A guide to insurance in Guernsey.

The Q&A gives a high-level overview of: the regulatory framework for insurance and reinsurance activities; rules relating to authorisation of insurers and reinsurers and insurance intermediaries; ownership restrictions; ongoing requirements; penalties for non-compliance with regulatory requirements; sales and marketing of insurance/reinsurance services; transfer of risk; reinsurance contracts and risks; contracts and policies; claims; dispute resolution; insolvency; and tax.