On 10 June 2014, IVASS launched a public consultation (the “Consultation“) concerning amendments to ISVAP Regulation 36/2011 setting out the guidelines on investments and assets eligible for technical reserves. Regulation 36/2011 was recently amended by IVASS Resolution No. 17 of 15 April 2014 which was adopted for the purpose of implementing the EIOPA Guidelines (please
As a follow-up to the public consultation launched on 14 January 2014, concerning the amendments to certain Regulations for the implementation of the EIOPA Guidelines (please refer to our newsflash of 3 February 2014) on 15 April 2014 IVASS published the contributions to the consultation. Please click here for our Newsflash dated 30 April 2014.
On 1 April 2014, IVASS launched a public consultation concerning amendments to ISVAP Regulation No. 24/2008 on the procedure for submitting complaints to IVASS and the management of complaints by insurance undertakings (the “Consultation“). The aim of the consultation is to align the Italian rules with the EIOPA Guidelines on Complaints-Handling by Insurance Undertakings and
On 18 March 2014, IVASS published a draft regulation for consultation concerning measures to simplify procedures and bureaucracy in the contractual relationships between insurance undertakings, intermediaries and customers (the “Draft Regulation“). The Draft Regulation implements Article 22, paragraph 15-bis of Law Decree No. 179 of 18 October 2012, as converted into law (the so called