NEW UK RUSSIA GENERAL LICENCE FOR INSURANCE SERVICES

On 22 July, a new General Licence from HM Treasury allows individuals or entities designated under the UK Sanctions Regimes (but not UN sanctions) to make payments to UK insurers for insurance premiums and broker commissions relating to the provision of building and engineering insurance cover provided to UK properties.  It also permits UK insurers to make payments to UK Designated Persons due as a result of a successful claim made against an insurance policy provided by the UK insurer or refunds due as a result of any over payments made pursuant to the licence.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1093220/INT-2022-2009156__Publication_Notice.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  At Buy me a Coffee one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017