Insurance Law

Insurance Contract Law – 1981

 Chapter One: Provisions for All Classes of Insurance Article One: Insurance Contract 1. An insurance contract is a contract between an Insurer and an Insured which obligates the Insurer, in consideration of insurance premium, to pay insurance benefits to the beneficiary upon the occurrence of the event Insured against. What is an Insurance contract?  

January 29th, 2017|Categories: Insurance Law, Legislation|

Chapter Four: Control of Insurance Business

Chapter Four: Control of Insurance Business   Article One: Limitations on Conduct of Business   35. The Minister of Finance may, with the approval of the Finance Committee of the Knesset, enact by regulations, for all Insurers or particular categories of Insurers, provisions as to a minimum issued and paid-up share capital and a minimum

August 20th, 2016|Categories: Insurance Law, Legislation|