LAW FOR INSURERS IN SPAIN AND PORTUGAL

Ley 50/1980, 17 de octubre, de Contrato de Seguro (Insurance Contract Act), which in the absence of a specifically applicable law, governs the various insurance formulas. Articles 2 and 44 of this Act establish that its stipulations are mandatory for all insurance contracts with the exception of contracts covering large risks as defined in article 107.2 or where the Act itself provides otherwise.ÍNDEX.INTRODUCTION.I. SPAIN.1. Insurance regulations.2. Information requirements before and after the conclusion of the contract.3. Limiting clauses, language and payment of premiun.4. Information requirements for distance marketing.5. Nomination of person/s to benefit from a policy and dormant policies (Life Insurance).6. Some other recent amendments regarding Insurance Contract Act.7. Spanish life insurance taxation.8. Spanish non-Life Insurance taxation and surchagers.9. Penalties and interest tax. Tax Fraud Prevention Act.10. Registry of Insurance Polies Covering Death Risk.11. Data protection issues.12. Prevention of money laundering and terrorism financing.13. Some issues about regulatory law.14. Rules on International Insurance law.15. Special reference to some relevant questions in relation to reinsurers from third countries (non EEA).II. PORTUAL.1. Legal overview and framework.2. Insurance contract tax obligations.3. Insurance policies registers.4. ASF Regulatory Rule Nº 8/201-, Of 16 August 2016 ("AS Regulatory Rule")ANNEXES.