By: Steven Ongenaet
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Q&A guide to insurance and reinsurance law in Mexico.
The lead partners of our Insurance and Reinsurance team published an article on the Insurance and Reinsurance sector in Mexico. Yves Hayaux-du-Tilly L and Luciano Pérez participated in Thomson Reuters’ Q&A guide to insurance and reinsurance law in Mexico.
The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Mexico.
To compare answers across multiple jurisdictions, you can visit Thomson Reuters’ Insurance and Reinsurance Country Q&A tool.