Important aspects for regulated entities in the financial/insurance sectors and payment institutions

Important aspects for regulated entities in the financial/insurance sectors and payment institutions 

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The amended law of 27 July 1997 on insurance contracts now expressly provides that insurance contracts entered into by UK insurance undertakings prior to the end of the Brexit transition period remain valid post-Brexit. However, such contracts may neither be renewed nor give rise to the payment of any premiums after the 31 December 2020 deadline.

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Your contacts for more details : 
Pierre-Michaël de Waersegger (pierre-michael.dewaersegger@arendt.com) and Emmanuelle Mousel (emmanuelle.mousel@arendt.com)
(02/02/21)

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