GIM - Recent changes to this guidance


Below are details of the amendments that were published on 22 December 2008 (see the update index for all updates)


SectionDetails of update
GIM1010Update to introduction to include mention of Law Commission and Scottish Law Commission review of insurance contract law
GIM1020Revised text about no statutory definition (of insurance)
GIM1030Revised text about case law
GIM1040Revised text about contracts of insurance
GIM1050Revised text about insurable interest
GIM1070Revised text about regulatory definition of ‘insurance business’
GIM1080Revised text about regulatory guidance on ‘insurance business’
GIM1090Revised text about transfer and sharing of risk
GIM1100Revised text about meaning of risk
GIM1150Revised text about ‘underwriting risk’ and ‘timing risk’
GIM1160Revised text about re-insurance and co-insurance
GIM1170Revised text about regulation and supervision (of the UK insurance market)
GIM1180Revised text about insurance companies
GIM1190Revised text about EEA insurers
GIM1200Revised text about friendly societies
GIM1210Revised text about Lloyd’s
GIM1220Revised text about the domestic market
GIM1230Revised text about the London market
GIM1240New paragraph about the insurance and provisioning cycles