Insurance business transfer schemes in Jersey

This briefing provides an introduction to the factors that determine whether a Jersey insurance business transfer scheme is required and an outline of the procedure for the transfer of insurance business in Jersey. 

It is quite possible or even likely that the jurisdiction of the Jersey courts may overlap with the jurisdiction of foreign courts in relation to insurance business conducted by a foreign insurer in Jersey. Nevertheless a Jersey scheme may be required in order that the transfer is recognised in Jersey.

A Jersey scheme is required in relation to a scheme to transfer ‘insurance business carried on in or from within the island by a permit holder’. The carrying on of insurance business in or from within the island includes ‘obtaining or seeking to obtain such business from a person incorporated, registered or resident in the island by means of a contract or arrangement with another person where: the sole or principal purpose of such a contract or other arrangement is the obtaining or seeking to obtain such business; and that other person gives effect to the contract or other arrangement in or from within the island’…

Click on the link below to read the rest of the Mourant Ozannes briefing.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Mourant Ozannes

  • Protected Cell Companies

    Guernsey was the first jurisdiction to introduce the concept of a protected cell company but the Companies Law has effectively modernised it.

  • Financial services and regulatory winter update – December 2014

    Top tips for dealing with a JFSC on-site examination; guidance on investment business on-site examinations and an important decision of the Royal Court concerning the information a party subject to regulatory action should be provided with.

View more briefings from Mourant Ozannes

Overview

6th Floor
125 Old Broad Street
London
EC2N 1AR
UK
http://www.mourantozannes.com

Total partners: 51
Total fee earners: 248

Jobs