Houseman S Law Of Life Assurance

Unique in its depth of coverage and currency, Houseman's Law of Life Assurance has established a well-deserved reputation as an authoritative practitioner work on life assurance and is renowned for its practical insight into the workings of the industry. In addition to being fully updated to take account of new legislation and case law the new 15th edition also covers developments including: Significant structural changes to the UK regulatory framework since the 14th edition and in particular the creation of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority each with their own different statutory objectives; Creation of the PRA and the introduction of a new rulebook with a different structure for conveying regulatory guidance; Implementation of the Solvency II Directive which has made fundamental changes to the way insurers calculate their capital, invest their assets and govern their businesses; Changes to insurance law on misrepresentation and warranties and the new duty on consumers to take reasonable care not to make a misrepresentation and on non-consumers to make a fair presentation of the risk; New e-commerce chapter to reflect the growing importance of this distribution channel for life insurance products; Anticipated changes to the regime applicable to insurance distribution because of the Insurance Distribution Directive and rules relating to packaged insurance investment contracts, including the impact on remuneration of intermediaries; Changes to the UK compensation scheme for insurance policyholders.

Houseman has established a well-deserved reputation as an authoritative practitioner work on life assurance and is renowned for its practical insight into the workings of the industry. Unique in its depth of coverage and currency, the 12th edition considers the effect of the Financial Services and Markets Act 2000 on the regulation of the insurance sector and how day-to-day transactions of life offices are being affected by e-commerce. It considers the taxation of life policies and the role they play in effective tax and estate planning. It also offers practical, transaction-focused guidance from industry insiders, legal and financial specialists. New chapters on e-commerce and the Financial Services and Markets Act 2000 are included and the text also assesses the European environment and the Third Council Directive.

Covers the large amount of legislative change which has occurred since the previous edition, notably the Financial Services Act 1986. Tax developments and the implementation of the Third Life Directive are included.

List of members issued with v. 35- with separate paging.