1 Source ANIA – L’assicurazione italiana nel , page , with some companies as anticipated by the related CCNL (National. CCNL: the National Collective Labour Contracts stipulated by ANIA and the trade union associations most . /, by Law 69/ and by. Symbol, CCNL1, contributors: mct/pgu – updated: cyclin L ania-6a. cyclin L gamma. Synonym symbol(s), BM, CCNL, PRO, ania-6a.

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Associazione Nazionale fra le Imprese Assicuratrici (ANIA)

In setting the terms of an insurance contract, the parties, according to Article of the Civil Code, are free to negotiate the content of the insurance provided that a risk does exist, and that the terms do not breach internal public policy 32 or have an illicit scope.

Along with the improving economic situation in andthe enhanced efficiency of the judicial system through the amalgamation of small courts, the introduction of the Electronic Civil Process and the encouraging of alternative dispute resolution should continue to benefit the insurance market.

Case law precedents are not binding, and the very same issue could receive different treatment from one court to the next. Afterthe date on which Solvency II came into effect, IVASS concentrated its regulatory activity more on the insurers’ profitability and capitalisation, followed by a letter to the market on 10 August better illustrating how to determine the capital requirement using the standard formula, cnl well as the look-through approach dictated by Regulation No.

According to the European Commission’s winter forecast, the economy is set to grow by around 1 per cent in both andsupported by low real interest rates and stronger external demand, though structural weaknesses hinder a stronger recovery. The Shipping Law Review Edition 5 Editors Amia EddingsAndrew Chamberlain and Rebecca Warder HFW The fifth amia of this book aims to ahia to provide those involved in handling shipping disputes with an overview of the key issues relevant to multiple jurisdictions.

The order or the acknowledgement of the formal communication must be published in the Official Gazette, and the newly authorised or licensed insurance company may start underwriting insurance or reinsurance only after such publication. Third parties are not usually privy to the insurance contract, and have no right to make a claim and enforce it in a court of justice. Following this binding precedent, mediation remained available to resolve insurance disputes, but because it was no longer compulsory it was little used and the rate of successfully mediated disputes, which was already low when the procedure was compulsory, dropped even further after the Constitutional Court judgment.

The Renewable Energy Law Review. The tax currently due is up to 20 per cent of the capital gain, but is reduced to Meetings with European Commission 3 meetings found. Lloyd’s syndicates are the sole exception, and they have been specially authorised because of their particular historical status and in accordance with the fundamental freedoms of the Treaty on the Functioning of the European Union.

Based on the Private Insurance Code, the RUI 202 divided into five sections as follows, and no intermediary may be recorded in more than one section:. An understanding of the international framework will provide thoughtful manufacturers and distributors with a strategic advantage in this increasingly competitive area. This trend continued throughoutwith Regulation No.


The economy is rapidly recovering from the financial crisis, even if the political election poses a risk of political instability at both national local and regional level, creating a further challenge for all industries, and for the financial one in particular, to overcome.

The Patent Litigation Law Review. For all non-liability insurance, the insured event or the loss occurrence triggers the insurer’s indemnity obligations if ajia insured knew of the event or occurrence, or the insured should have known of the event or occurrence. During its first years of existence, IVASS pursued the goal of bettering the transparency and clarity of information, and negotiating simplicity for the insured, while at the same time securing effective sanctions in the case of insurance companies’ non-compliance with the new market rules.

From that date, two terms start to run: Formal arbitration can, however, guarantee a first instance decision in a relatively short time between six months and one year in the vast abia of the casesas against the lengthy proceedings in a court of law between two and 10 years.

The distribution of insurance products in Italy is usually done through intermediaries, but in rare and limited cases insurance can be acquired directly from the insurer at the registered office agency.

While reviewing the merger, and anua new memorandum and articles of incorporation, IVASS performs a limited background investigation of the dcnl and directors of the acquirer or of the new company to ensure that they all respect the Civil Code provisions and meet the applicable legal requirements. The contract is not concluded until the two parties agree on the extension of the xnia, and on the premium to be paid for the shifting of the risk from the insured onto the insurer.

The taxation of premiums and life policy revenues in Italy is a complex matter that cannot be discussed in detail in this chapter. Should the assisted negotiation fail, the parties can then legitimately act in court to have the anix resolve the dispute. However, the judge may allow the testimony beyond the limit above, taking into account the quality of the parties, the nature of the contract and any other relevant circumstance.

While the insurance contract may be concluded orally, according to Article of the Civil Code, there must be written proof of its existence. Article of the Civil Code provides that, unless the insured entity has already had notice of the occurrence of the loss, notice must be given within three days from the loss event.

It is evident that, despite the difficulties in relaunching the internal economy, Italy remains a snia ground for insurance underwriters, and provides interesting opportunities for prudent insurers and reinsurers especially in the newly developing cyber and data protection insurance markets. In Italy, only admitted insurers are entitled to provide insurance. In Italy, the source of insurance and reinsurance law is statutory.


Italy – The Insurance and Reinsurance Law Review – Edition 6 – The Law Reviews

The Constitutional Court, with ruling No. This provides better understanding of the risk, but might pose substantial problems should the insured have made a misrepresentation. Intergroups European Parliament None. Therefore, there is no need for collateral to allow a deduction from the liabilities stated on the reinsured company’s statutory financial statement.

The regulatory framework is complex, with its articles detailing and providing for the exclusive conduct of reinsurance activities by companies with a registered office in Italy or Italian branches of companies with registered offices abroad or both ; the procedures for authorising such activities; and companies that have a registered office in Italy and authorisation exclusively to conduct reinsurance activities to carry on such activities in other EU Member States under the applicable regulations on freedom of establishment and freedom to provide services.

Today, the prohibition is provided by Article 12 of the Private Insurance Code. The Technology, Media and Telecommunications Review. On 1 JanuaryIVASS took over all functions previously carried out by ISVAP, including the supervision of intermediaries and the distribution of insurance products for better coordination between the control and regulation of the financial promoters.

Despite a number of courts experiencing technical problems and interpreting the new rules differently, the technical instrument should guarantee a faster proceeding with less administrative personnel. However, Italian insurers are worried about a potential increase in claims frequency connected with the economic recovery, given the persistent reduction of average premium levels in both and Following this, the court may issue default orders against parties who have failed to attend and, if a duly summoned party to proceedings fails to attend, the court might consider some of the factual allegations and the documents produced as uncontested and ground his or her decision on such evidence.

Further exceptions to the aforementioned rule are found in the special provisions of Law No. In conclusion, the insurance market and, as a consequence, the reinsurance market, are expected to benefit from all these changes throughout The most recent legislation that introduced compulsory insurance is Decree-Law No.

The most important are:. The fifth edition of this book aims to continue dcnl provide those involved in handling shipping disputes with an overview of the key issues relevant to multiple jurisdictions. Until the United Sections of the Court of Cassation, claims-made clauses were legitimate and valid subject to double approval in accordance with Article of the Civil Code. If you’re a human, don’t change the following field Enter your name Your first name. The Shipping Law Review. Once notified of such claim, the liability insurer can decide to defend the third-party claim on anis of the insured.

The Merger Control Review.