Covid-19 update – Insurance impact in various countries list: AIDA COVID-19 - Country Review Update
Insurance & Reinsurance Country Comparative Q&A Israel Adv. Rachel Levitan How is the writing of insurance contracts regulated in your jurisdiction? The Insurance Contract Law, 1981 (hereinafter: The Contract Law) regulates the format and the content of insurance contracts. An insurance contract must be in writing and the proposal form must be attached to the
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?
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