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Vol 23 No 1 Jan/Feb 2018

Book of the Month

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The Law of Privilege

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A Legal Guide to Life Assurance Companies

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ISBN13: 9781845927356
ISBN: 1845927354
Previous Edition ISBN: 0406923639
Published: June 2000
Publisher: LexisNexis Butterworths
Country of Publication: UK
Format: Paperback
Price: Out of print

This book provides a practical and thorough overview on the law applicable to life assurance companies. It is a useful guidebook that deals with the structure of such companies and how the law and regulations are applied in practice. This title brings together aspects of the structure, regulation and law of life assurance companies, it contains EU information, precedents, statutes and other useful material. The text covers a wide range of topics including: the development of life assurance companies; the products offered; fund structures; accountancy and tax legislation applicable; and the future of life assurance companies. The practical approach of the book makes it an ideal reference source for lawyers advising on aspects of financial services as well as new recruits to the industry.

Reprint of ISBN 9780406923639

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Insurance Law
1. Origin of the concept of life assurance.
2. Distinction between general and long term business, the prohibition on composites and subsequent relaxation of this rule.
3. Fund structures.
4. The roles of the actuary.
5. Products offered by life assurance and how they are structured and financed.
6. The part played by reassurance including financial reassurance.
7. The difference between mutual and proprietary companies and corporate structures where life assurance companies are part of a group of financial services companies.
8. Accountancy and tax legislation applicable to life assurance companies.
9. Demutualisation, transfer of long term business and winding up of life assurance companies.
10. The attempt by the EU to create a single market in financial services and the obstacles still remaining. Appendices: 1. Statutory materials. EU directives, proposals and reports by commission.
3. Faculty of actuaries.
4. Styles.
5. ABI materials.
6. Tables and diagrams.
7. List of contacts and addresses.