The New 2014 Belgian Insurance Act

Belgium

It has been quite a wait, but the new Belgian Insurance Law has finally arrived and will enter into force on 1 November 2014.

In part, the new Insurance Law of 4 April 2014 incorporates, without changing their substance, the existing rules which were spread across four different laws: the Law of 11 June 1874, most articles of the Law of 25 June 1992 on land insurance contracts, the Law of 27 March 1995 on insurance intermediaries, and those parts of the law of 9 July 1975 which pertain to the control by the Financial Services and Markets Authority of the relationship between insurer and insured.