Legislation roundup: Insurance law, securities investment funds and environmental protection
June 20, 2013 | BY
clpstaff &clp articlesThe SPC has issued two Interpretations, one on the application of the Insurance Law and the other on criminal environmental pollution cases. The CSRC and CIRC have published Tentative Provisions on the sale of securities investment funds by insurance institutions
Insurance
Supreme People's Court, Interpretation on Several Issues Concerning the Application of the «PRC Insurance Law» (2)
The Interpretation clarifies that a proposer has a duty to disclose to the insurer only matters related to the policy subject matter or matters related to the insured that he/she knows perfectly. The scope of such disclosure should be limited to the scope and details asked by the insurer. The insurer, in principle, cannot use generalised clauses when conducting an inquiry on the proposer.
See the full translation .
Further reading
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now