Intnl InsuranceRequirements

8/14/2019 Intnl InsuranceRequirements

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Country Workers Compensation (WC) Employers Liability (EL) General Third Party Liability Professional Liability

Vendor Insurance Requirements(US$ unless otherwise specified)

Personal Accident(PA) Auto Liability (BI = Third Party Bodily Injury,PD + Third Party Property Damage)Afghanistan see WC

Albania not required 250,000 25,000

Algeria not required 500,000 50,000 US$25,000 BI/PD

Angola 1,000,000

Antigua & Barbuda not required Minimum limit XCD 500,000

Argentina 500,000 25,000 \

Armenia not available 100,000

Australia not required not required 5,000,000 1,000,000

Austria not required Euro 1,500,000

Azerbaijan 100,000 50,000

Bahamas 1,000,000

Bahrein not required BHD 1,000,000 BHD 500,000

Bangladesh 100,000 10,000

Barbados State scheme no certification required minimim BD$5,000,000 not required 500,000 100,000

Belarus not required 100,000 25,000

Belgium not required not required 2,500,000 500,000 Statutory BI/PD is unlimited

As of May 05 the only insurer inAfghanistan is the essentially moribundAfghan National Insurance Company(ANIC) which is state owned. USAID has aprogram in place in an effort to privatizethe company, but in practice all coveragemust currently be placed offshore. ANICoffers a WC policy insuring an employersliability at law, coverage is generallybased on 12 months salary.

Currently not marketed, butminimum US$ 50,000

Currently not marketed butminimum US$ 10,000

Compulsory coverage only applies in Kabuland is not enforced. The limit is AFN 40,000(US$ 934) for PD and BI.

State scheme under Social Security. Nocertification required

to be added to GL policywith minimum limits of $40,000 per person,$100,000 per accident

Compulsory under Decree 295 of 1992. Limitsare BI 200,000 per person, $500,000 per accident; PD 50,000 per vehicle, $100,000 per accident

State Scheme - CNASAT no certificationrequired

Minimum DeathBenefit 3 x AnnualSalary

Effectively compulsory under DispositivoLegislativo #2827. Further legislation isexpected to provide more clarity

Minimum limit of US$500,000 or a PA policy

Minimum DeathBenefit 3 x AnnualSalary if EL notpurchased

50000 (generally placedoffshore)

Currently only compulsory for Public ServiceVehicles (taxi, bus etc.) with a minimum BI limitof US$100,000. Further legislation is expectedto extend this to all vehicles. We require aminimum of US$50,000 PD/BI combined

Responsibilities to employees established

under the Antigua & Barbuda WorkersCompensation Ordinance of 1957 (Cap475), Amendment 1 of 1994 to theWorkers Compensation Ordinance, theAntigua & Barbuda Factories Act of 12975and Division D of the Labour Code of 1975 (in part). Medical Services areprovided by the Ministry of Health buttreatment abroad is limited to XCD 2000.While only certain classes of employmentare required by law to carry WCinsurance, it is common for all companiesto have the coverage. Certification isrequired

to be added to the WC

policy, minimum limits XCD7,500,000

US$25,000. Coverage is

generally placed offshoreat Lloyds

Compulsory under the Motor Vehicles

Insurance (Third Party Risks) Ordinance of 1950 as amended. Limits are XCD 10,000 per person XCD 100,000 per event BI, PD is notcompulsory. We require a minimum of XCD250,000 BI/PD.

Statutory Limits for Riesgos de Trabajocame into force under Law 24557 of 1995and is underwritten by specialist insurers.Certification is required.

During 9/04 the SupremeCourt ruled that Art 39 of Law 24557 isunconstitutional. This rulingreinstates an employeesright to sue employers .However insurers arecurrently unwilling to insurethe exposure; until thesituation is clarified we willrequire a PA policy


There are some very limited benefitsavailable under social security. APersonal Accident policy is required inlieu.


Minimum limit US$50000,however the coverage isnot readily available andinsurers will likely needexternal reinsurancesupport.

Compulsory insurance has been under consideration for some time for Bodily Injuryonly and with very low limits. We require aminimum of US$25,000 PD/BI combined.

State Monopoly in NSW, VIC, QLD & SA.Private insurers elsewhere. StatutoryBenefits. Certification required whereinsurance is private

BI is unlimited by Statute. PD A$20,000,000(commonly offerred)



Euro 500,000 (certainprofessions are requiredto have higher limits byLaw).

Compulsory under the Motor LiabilityInsurance Act of 1994 with limits of ATS15,000,000 for PD/BI. Limits to increase toEuro 3,000,000 in 2005 and Euro 5,000,000 in2007. We require the Euro 3m. Limit

Not compulsory, no Social Securitysystem, responsibility of employersestablished under the Civil Code andLabour code. PA is required

May become obligatory atsome point. Minimum limitsUS$ 15,000 per accident,US$ 1,500,000 aggregate.


Compulsory since 1995 but limits are AZM5,000,000 BI and AZM 3,.000,000 PD (US$1,000, US$ 600). We require US$ 25,000PD/BI combined.

The Workers Compensation Act of 1943was repealed in 1974 by the BahamasNational Insurance Scheme, The NationalInsurance Act and Regulations areincorporated under Chapter 320 of thestatute Laws of The Bahamas (1987), Nocertification required.

minimum limit US$1,000,000


US$ 1,000,000 This isgenerally placed offshore.

The Road Traffic acts, 1955 - 1988 wereamended by the Road Traffic (Amendment) Actof 2004 which removed unlimited liability for BIand relaced this with limits of US$ 2,500,000per person and US$ 30,000,000 per accident.PD is optional, we require a minimum of US$150,000

State scheme run by The GeneralOrganisation for Social Insurance (GOSI)is regulated by Decree Law 24 of 1976.No certification required.

minimum limit US$1,000,000

The Road Traffic act of 1954 introducedunlimited liability for BI and was extended byDecree 3 of 1987 to include unlimited PD.Decree 7 of 1996 reduced the PD limit to BHD500,000

Workmens Compensation Act of 1982only covers workers who earn up to BDT3,000 per month. Certification required if Vendor has employees in this category.PA is mandatory.

not required (althoughliability does exist under theFactories Act)


Road Traffic Act of 1960, amended 1964 and1984 requires unlimited BI/PD cover. (NBdespite this legal requirement many vehiclesare uninsured so certification is necessary

Statutory BI is unlimited (but projectedlegislation may reduce this to BD$30m.)Statutory PD is BD$50,000

A mandatory scheme for work injuries andoccupational diseases was introducedunder a Presidential Decree in 2003. It isfinanced by employers contributions andthe monopoly insurer is Belgosstrakh.Certification required

Minimum DeathBenefit 3 x AnnualSalary Coverage iscompulsory for certain Stateemployees.

Euro 50,000 BI/PD combined. (Statutory Limitsare low, currently Euro 5,000 each for PD andBI but if there are multiple deaths/injuries thelimit is 3 x this amount).

Occupational diseases are covered by astate scheme. Workers Compensation isobligatory under Law of 4/10/71, Law of 4/29/96 and Royal decree of 12/28/71 (for seafarers, certification required).


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Personal Accident(PA) Auto Liability (BI = Third Party Bodily Injury,PD + Third Party Property Damage)Belize BZD 500,000

Benin 100,000

Bermuda to be added to GL policy not required 1,000,000 1,000,000

Bhutan 100,000 25,000

Bolivia not required not required 100,000 25,000

Bosnia not required 750,000

Botswana BWP 1,000,000 BWP 1,000,000

Brazil to be added to GL policy not required 750,000 50,000 Statutory DPVAT + $25,000 PD, $100,000 BI

Brunei BRD 5,000,000 not required BRD 500,000

Bulgaria to be added to GL policy not required BGN 500,000

Burkina Faso not required

Burundi No information currently available 100,000 50,000Cabo Verde 100,000 50,000

Cambodia not available 250,000

Cameroon not required CFA 500,000,000 CFA 100,000,000

Canada to be added to GL policy not required C$5,000,000 C$1,000,000

Cayman Islands not required KYD 1,000,000 KYD 500,000

Central African Republic No information currently available 100,000 50,000

Chad No information currently available 100,000 50,000Chile Statutory Limits under Law 16,744 of 1998 500,000 100,000

Covered by the state under the SocialSecurity Act (Chapter 44 of the laws of Belize). There are some minor exceptions,including work outside Belize. Certificationnot required.

Minimum limits BZD500,000

Required if staff willwork outside Belizewith minimum DeathBenefit 3 x AnnualSalary

Not readily available andinsurers will need externalreinsurance. Minimum limitBZD 200,000

Motor Vehicle Insurance (Third Party Risks)Act is Chapter 21 of the laws of Belize.Statutory requirements are BZD 50,000 per person and BZD 100,000 per accident for BIand BZD 20,000 PD. We require a minimum of BZD 200,000 per person and BZD 800,000 per accident BI and BZD 200,000 PD.

State scheme under the Caisse Nationalede Securite Sociale (previously OfficeBeninoise de Securite Sociale). Nocertification required

GL policy to be extended toinclude "ResponsabiliteCivile du Chef d'Entreprise".


GL policy to be extendedto include "ResponsabiliteCivile du Chef d'Entreprise".

Compulsory under the CIMA code. Liability for BI is theoretically unlimited but Arts 258 - 266of the Code include a table of compensationrates.

The Workers Compensation AmendmentAct of 2004 expanded the scope tobenefits to include all employees.Coverage is only compulsory however for 6, essentially manual, occuoations.Certification required.

The Road Traffic Act, 1943 made BI coveragecompulsory with limits of US$ 125,000 per person, US$ 500,000 per accident. We requirelimits of US$ 5,000,000 BI and US$ 500,000PD.

There is only one insurer, the RoyalInsurance Corporation of Bhutan (39%government owned). Social security typebenefits are likely provided by the NationalPension and Provident Fund

Statutory under Article 10 of pensions lawof 1996. Handled by the Life Insurancecompanies. Certification required

Statutory since 1/1/2001 as Seguro Obligatoriode Accidentes de Transito (SOAT). Limits arelow, we require excess limits to a minimum ofof US$20,000 BI/PD

State scheme via Social Security. Nocertification required.


Compulsory for certainprofessions. We requireUS$ 100,000 unlessstatutory limits higher.

Compulsory limits are KM 275,000 BI and KM165,000 PD. These were due to be increasedto Euro 250,000 BI and Euro 170,000 PD by2005 but this has not been enacted (4/05). Werequire the Euro limits. BI is supposed toincrease to Euro 500,000 in 2006.

Compulsory under WorkersCompensation act #23 of 1998 (plusseveral regulations). Benefits are low.Certification is required

to be added to WCinsurance (known asCommon Law cover), with aminimum limit of BWP500,000

Minimum DeathBenefit 4 x AnnualSalary (in line withWC requirements).

BI is handled by the parastatal Botswana Motor Vehicle Accident Fund (BMVAF) which wasestablished under the Motor Vehicle AccidentFund Act of 1998. It is funded by a levy on fuel.We require PD coverage - standard limits areBWP 2,000,000 which includes excess BI.

Government Monopoly under INPS, nocertification required

Required by the Workers CompensationAct of 1957. Certification required.

US$ 100,000 (usuallyplaced offshore).

Compulsory under Motor Vehicles (Third PartyRisks) Act of 1950 as revised in 1984 withunlimited BI. PD is voluntary and we requirethe commonly issued amount of BRD3,000,000

Covered by the National Social SecurityInstitute. No certification required.

BGN 500,000 unlessstatutory limits higher.

Statutory limits are amended annually with aview to reaching EU standards by 2007.Effective 1/1/05 limits were BGN 140,000 for Material Losses and BGN 400,000 per person,BGN 480,000 per accident for Non MaterialLosses (Material losses include MedicalExpenses which would normally be paid under BI). We require twice local statutory limitscapped at EU 4th Directive level (Euro1,000,000 BI, Euro 500,000 PD), until 5thDirective limits are implemented.

State provided via Caisse Nationale de

Securite Sociale. No certification required.

Minimum Death

Benefit 3 x AnnualSalary

Minimum limit CFA

250,000,000

Minimum limit CFA

75,000,000

Compulsory under the CIMA code. Liability for

BI is theoretically unlimited but Arts 258 - 266of the Code include a table of compensationrates.

The Caixa Economica de Cabo Verde (aninsurance company), has been sold toPortuguese interests. There is one other insurance company, Garantia - companhiade seguros de cabo verde sarl. SocialSecurity benefits provided by the InstitutoNacional de Previdencia Social.

The Labor Law establishes employersresponsibilities and, under Art 256provides for obligatory insurance via aSocial Security sytem which has not yetbeen set up. Limited insurance is availableand we require "Plan A" which has aUS$10,000 limit


Minimum limit US$50000.This will likely need toplaced offshore, eg inThailand

Insurance Law of 200 as amended byExecutive Orders (Prakas) in 2002 requirescars to have a minimum of US $5,000 per person, US$ 25,000 per accident for BI andUS$ 10,000 PD. We require a minimum of US$10,000 per person, US$ 100,000 per accidentfor BI.

State Scheme via Caisse Nationale dePrevoyance Sociale. No certificationrequired



Government Monopoly. No certificationrequired

Minimum C$500,000 PD/BI combined unlessProvincial Statutory limits higher

The Workers Compensation Law of 1964,amended in 1996 only requires mandatoryinsurance for employees earning less thanKYD 1,500 per month. The EmploymentLaw, 2004, when enacted, is to embraceall employees. Certification will berequired once the Employment Law isenacted.

Combined WC/EL policiestypically have limits of KYD1,000,000

Compulsory under the Motor Vehicle Insurance(Third Party Risks) Act of 1990 as amended in1997 and 2003. Current limits are US$1,250,000 per person, US$ 6,250,000 per accident for BI and US$ 312,500 for PD

Minimum limits of UF5000within Third Party Liabilitypolicy


Statutory SOAP + plus Excess to UF5000BI/PD


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Personal Accident(PA) Auto Liability (BI = Third Party Bodily Injury,PD + Third Party Property Damage)Not required - Law is very ambiguous to be added to GL policy 1,000,000 25,000

Colombia 50,000 500,000 100,000

Comoros No information currently available 100,000 50,000Congo, Dem. Rep. Of not required 100,000

Congo, Rep. Of not required CFA 200,000,000

Costa Rica not required not required 100,000

Cote d'Ivoire CFA 500,000,000 CFA 100,000,000

Croatia not required 250,000 100,000 Statutory BI/PD limits adequate

Cuba State scheme, no certification required 500,000 not required 1,000,000 Typically US$ 1000000

Cyprus not required not required CYP 500,000 CYP 200,000

Czech Republic not required CZK 15,000,000

Denmark not required not required 1,000,000 500,000

Djibouti No information currently available 100,000 50,000Dominica not required Minimum l imit XCD 500,000

Dominican Republic to be added to GL policy 150,000 50,000

50,000 5,000

Ecuador not required 250,000 50,000 US$25,000 PD/BI

Egypt Minimum limit US$50,000 250,000 50,000

El Salvador not required 250,000

Equatorial Guinea No information currently available 100,000 50,000Eritrea No information currently available 100,000 50,000Estonia Euro 500,000

China (separate entry for Hong Kong)


US$25,000 BI/PD unless local city ordinancerequires a higher limit

WC was privatized by Law 100 of 1993and is known as Riesgos Professionalesunder Decree Law 1295 of 1994.Business is written by specialized groupsknown as ARP's (Administradoras deRiesgos Professionales) - not all beingtraditional insurance companies.Certification is required


The obligatory SOAT coverage has very lowlimits. We require excess limits to a minimumof PD/BI US$25,000

State scheme under the InstitutoNationale de Securite Sociale. Nocertification required


difficult to obtain, minimumlimits US$ 25,000

Compulsory under Law 73/013 of 1973.Liability is theoretically unlimited but we requireat least US$ 50,000 PD/BI combined

State scheme under the Caisse Nationalede Securite Sociale. This entity hasfinancial problems so PA is a requirement.


Obligatory for manyprofessions under CIMA.Minimum limits CFA25,000,000


Compulsory under Codigo de Trabajo.Certification required

US$25,000. However theState monopolistic insurer (INS) is often reluctant togive coverage, in whichcase consult the InsuranceUnit with full details

The Ley de Transito por Vias PublicasTerrestres # 7331 of 1993 requires compulsoryBI but death benefits are very low. Our minimum limits are BI: CRC40,000,000 PD:CRC20,000,000

State Scheme via Caisse Nationale dePrevoyance Sociale. No certificationrequired



State monopoly (HZZO) no vertificationrequired

to be added to GL policy(employees can claim under the Obligations Act).

Minimum limit US$50,000

No mandatory coverage. US$ 25,000 BI, US$15,000 PD is common practice

Compulsory under theEmployers Liability Law of 1997 wihich requiresminimum limits of CYP50,000 per person, CYP2,000,000 per event/seriesof events and CYP3,000,000 aggregate. Werequire the per person limitto be increased to CYP100,000.

Compulsory under the Motor Vehicles (ThirdParty Liability Insurance) Law of 2000 withminimum limits of CYP 2,000,000 BI and CYP60,000 PD. EU 4th Directive limits to beimplemented.

The state Social Security scheme providesvery low limits. These are "topped up" bypurchasing EL cover. No certificationrequired.

Currently only written(fronted) by two insurers for the Ministry of Finance. It isuncertain whether the classwill be privatized or rolledinto Social Security.Certification is required.

Obligatory for mostprofessions. Minimumlimits CZK 10,000,000

Motor Third Party Liability Insurance ActAmendment wffective 5/1/04 implemented EU4th Directive increasing statutory limits to CZK35,000,000 per person BI and CZK 18,000,000PD. The EU 5th Directive is to be implemented.

Compulsory (certification required)minimum limit DKK 8,500,000

Compulsory EU 4th Directive requires DKK87,000,000 BI and DKK 17,000,000. Theselimits will increase when the 5th Directive isenacted.

Social Security benefits under the SocialSecurity Act of 1975, the Employee SafetyAct of 1982, the Environmental HealthServices Act of 1997 and the NoiseAbatement Act of 1993. No certificationrequired.

Minimum limits XCD1,000,000

US$25,000. Coverage isgenerally placed offshoreat Lloyds

Compulsory under the Motor VehiclesInsurance (Third Party Risks) Act # 19 of 1988with limits of XCD 200,000 per person,XCD1,000,000 per event BI, XCD 100,000 per claim XCD 500,000 per event PD

The Accidentes de Trabajo Law #385 asmodified by Law 907 of 1978 have beenconsolidated into the Socoal Security Law##87 of 2001 which nationalised thebusiness. State scheme, no certificationrequired


Statutory limits initially created by Law 4117 of 1955 and amended by Dcree 1339 of 1995were superceded by Insurance Law #146 andResolution 010 in 2002 but limits remaininadequate at DOP 100,000 PD, DOP 100,000per person, DOP 200,000 per event BI. Werequire minimum limits of US$25,000 PD/BIcombined.

State scheme - IESS no certificationrequired


State scheme - Law 79/125 nocertification required


Statutory BI is unlimited. PD minimumUS$20,000

State scheme under the InstitutoSalvadoreno de Seguro Social. No

certification required

Minimum DeathBenefit 3 x Annual

Salary

Limited availability,minimum limit US$50,000

Compulsory under Decree 487 published in theOfficial Gazette # 212 on 11/16/95 and

Regulated by Reglamento de Transito Arts. 63- 71 published in 1996 but the Law has yet tobe enacted. We require minimum limits of US$25,000 PD/BI combined.

Was due to become obligatory in 2003 butthis has been postponed. Until this occurswe require PA cover.

to be added to GL policywith minimum limits of EEK5,000,000


Euro 50,000 unlessstatutory requirementshigher

Motor Third Party Liability Insurance Act of 2001 made coverage compulsory. The limits of EEK 5,500,000 BI and EEK 1,600,000 PDmeet EU 4th Directive requirements. The 5thDirective is being implemented which will raiselimits to Euro 1,000,000 BI and Euro 500,000PD


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Personal Accident(PA) Auto Liability (BI = Third Party Bodily Injury,PD + Third Party Property Damage)Ethiopia not required 250,000 25,000

Fiji not required FJD 500,000

Finland not required Euro 2,000,000 Euro 100,000

France to be added to GL policy not required Euro 2,000,000 Euro 500,000

Gabon not required CFA 100,000,000 CFA 25,000,000

Georgia not required 250,000 50,000

Germany to be added to GL policy 2,500,000 1,000,000

Ghana to be added to WC policy 250,000 100,000

Gibraltar to be added to GL policy not required GBP 2,000,000 GBP 1,000,000

Greece not required Euro 500,000 Euro 300,000 Compulsory EU 4th Directive applies

Grenada not required Minimum limit XCD 500,000

Guadeloupe no other information currently available 500,000 100,000

Guam to be added to GL policy not required 1,000,000 500,000

Guatemala to be added to GL policy not required GTQ 1,000,000 GTQ 250,000

Guinea No information currently available 100,000 50,000Guinea Bissau No information currently available 100,000 50,000Guyana 100,000 25,000

Haiti not required 100,000

Honduras to be added to GL policy 50,000 10,000

Hong Kong Statutory limits to be included in WC policy not required 1,000,000 750,000 BI compulsory (HK$100m.) PD US$100,000

Hungary State scheme. No certification required not required HUF 250,000,000

Iceland ISK 150,000,000

India 250,000 50,000 PD US$20,000 (Statutory BI is unlimited)

Indonesia Minimum limit US$100.000 250,000

Not obligatory but under Labour Proclamation # 377/2003 employers areliable for injury (Art 96), medical (Art 105)and diability/survivors pension (Art 107).Certification is required. Alternatively, wewill accept a PA policy


Legislation has been under discussion for many years but coverage remains voluntary.We require limits of US$ 5,000 per person,25,000 per accident BI and US$ 15,000 PD

The Workers Compensation Act of 1965established benefits but did not makeinsurance compulsory. Benefits have notbeen updated since 1992. Certificationrequired

Responsibility establishedunder the Health & Safety atWork Act of 1966. Policiesare issued in combinationwith WC. Minimum limitsFJD 250,000

FJD 100,000 (often placedoffshore).

Compulsory under Ordinance 19 of 1948 andOrdinance 27 of 1954, BI is unlimited. PD isnot compulsory but we require a minimum of FJD 100,000

Compulsory under the OccupationalAccidents Insurance Act, 1948, asamended in 1981. Certification required.

Not required butoften added to theWC policy to provide24 hour coverage.

Compulsory under Motor Vehicle InsuranceAct, 1960. BI is unlimited, PD is Euro3,300,000. EU 5th Directive to beimplemented.

State scheme (CNPS). No certificationrequired

Statutory Limits (BI unlimited, PD Euro450,000)

Limited benefits available under SocialSecurity. No certification required.



Very limited Social Security Benefits. Nocertification required.


Introduced as compulsory BI only in 1997 withamendments in 2001. The limits are extremelylow. We require a minimum of US$ 50,000PD/BI combined

Statutory "Berufsgennosenschaften" nocertification required


PD/BI US$10,000,000 (Euro 50,000,000 per event)

Statutory limits under WorkersCompensation Act of 1987 amended in1994. Certification required


Statutory limits under Motor Vehicle (ThirdParty Injuries) Act of 1958 as amended in2002: BI unlimited, PD GHC10m. We requireminimum PD limit of US$10,000

Covered by the Employment InjuriesInsurance Scheme of 1952. Nocertification needed

Compulsory under the Insurance (Motor Vehicles)(Third Party Risks) Ordinance of 1996. Currently EU 4th Directive limits apply

Covered by Social Security (IKA). Nocertification required

Minimum limit Euro 50,000per accident, Euro 100,000aggregate

Social Security benefits under the NationalInsurance Act of 1983, the Factories Act of 1958, the Grenada Employment Act of 1999 and the Labour Code of 2000. Nocertification required



Compulsory under the Motor VehiclesInsurance (Third Party Risks) Act #19 of 1939and amendments with limits of XCD 100,000per person, XCD 500,000 per event BI, XCD100,000 per claim, XCD 200,000 per event PD

Compulsory under Guam WorkersCompensation Law - Title 22 Guam CodeAnnotated. Certification required

Mandatory limits are US$ 20,000 PD, US$25,000 per person US$ 50,000 per accident.We require US$ 50,000 PD, US$ 100,000 per person US$ 200,000 per accident BI.

Covered under Decree Law 295 of 1946by the Instituto Guatemalteco deSeguridad Social. No certification required

Currently only compulsory for Inter City buses.We require GTQ 200,000 PD/BI combined

State scheme under National Insuranceand Social Security Act no15 of 1969. No

certification required

minimum limits of US#100,000 to be added to

GL policy


Salary

Motor Vehicles Insurances (Third Party Risks)Act of 1937, modified in 1986 has inadequate

statutory limits. Minimum US$10,000 for BI andPD required

The Social Security Decree Law of 1949established benefits which areadministered by the state owned Officed'Assurances Accidents du Travail(OFATAMA) operated under L'Instituted'Assurances Sociale d'Haiti. Nocertification required


US$ 50,000 This wouldneed to be placed offshore

The Motor Third Party Decree of 1964,amended in 1987 requires compulsorycoverage of HGO 12,500 for BI and HGO7,500 PD to be placed via the state ownedOffice d'Assurance Contre Tiers. We requirevoluntary cover of US$ 20,000 PD/BI combinedin addition.

State Scheme under 1959 Labor Law.Limits are nominal, No certificationrequired


Not compulsory. We require minimum limits of BI US$ 10,000, PD US$ 5,000

Minimum limits HUF25,000,000 per event, HUF100,000,000 annualaggregate

Compulsory for over 30professions. Minimumlimits HUF 20,000,000 per event, HUF 100,000,000annual aggregate

Statutory minimum limits HUF 300,000,000 BI(per person), HUF 500,000,000 PD. EU FifthDirective to be applicable in due course.

State scheme under the Social SecurityAct 117/1993. No certification required.

included in GL policy (I.e. isnot excluded).


ISK 10,000,000 unlessstatutory limits higher

Compulsory. Current EU $th Directive limitsare ISK 228,000,000 BI and ISK 101,000,000PD. 5th Directive being implemented

Statutory limits apply under the WorkersCompensation Act of 1923 as amendedby the Act of 1995. Purchase is not

compulsory. Includes EL. If WC notpurchased, PA becomes a requirementand EL must be added to Third PartyLiability

Either included in WC or added to General Liability

Minimum DeathBenefit 3 x AnnualSalary if WC not

purchased

Law 33 of 1977 as amended by Law 3 of 1992 and expanded in 1993 createdJAMSOSTEK, which is compulsoty for firms with over 10 employees. Foreignworkers are now included via Decree#KEP-67/MEN/IV/2004.

Minimun DeathBenefit 3 x AnnualSalary.

US$25,000. (ConstructionServices Law 18/1999requires architects, civil,mechanical, electrical etc.entities to guarantee their work for 10 years. It is notclear that this liability canbe insured - as, eg, it mustbe in France etc.)

Law 34/1964 on the Fund for Road TrafficAccidents provide for compulsory insurance viaState owned Jas Raharja, but this is basicallylimited to modest medical expenses (limit IDR10,000,000). We require a minimum of US$15,000 for PD, BI and Passenger Liability


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Personal Accident(PA) Auto Liability (BI = Third Party Bodily Injury,PD + Third Party Property Damage)Iran not required 250,000 25,000

not required 250,000

Ireland State scheme. No certification required not required 2,000,000 1,000,000

Israel not required 1,000,000 150,000

Italy not required Euro 3,000,000 Euro 1,000,000

Jamaica State scheme, no certification required minimum J$10,000,000 not required 250,000 100,000

Japan 2,500,000

Jordan not required JD 100,000 JD 25,000

Kazakhstan not required 50,000 10,000

Kenya WC Act 72 of 1948 limits plus PA US$100,000 per occurrence US$250,000 US$100,000 PD US$50,000 (Statutory BI is unlimited)

Kiribati No information currently available 100,000 25,000Korea, Rep.of not required KRW 300,000,000

Kuwait KWD 150,000 KWD 50,000

Kyrgyz Republic not required not required 100,000 50,000

Lao PDR not required 100,000

Latvia not required LAT 500,000

Lebanon see WC 250,000 50,000

Lesotho 500,000 200,000

Liberia No information currently available 100,000 50,000Libya Govt. monopoly, no certification Minimum limit US$100.000 not required 250,000 25,000 BI Statutory limits PD US$25,000Lithuania not required LIT 1,000,000

Luxembourg State scheme not required not required 2,500,000 1,000,000 Statutory BI/PD is unlimited


Not a traditional coveragebut now available.Coverage limked to Diyeh(blood money) limits whichare changed every sixmonths by the Ministry of Justice. We require thecoverage

Compulsory with limits for BI linked to Diyeh(see Employers Liability), PD is IRR2m. Werequire a minimum of IRR 50,000,000 for PDand IRR 200,000,000 for BI

Iraq: Requirements arethosetechnically/theoretically

available. The current actualsituation is unclear

There is no legislation as such butemployees are covered for loss of wagesunder Social Security. Expatriates are

covered but the limits are very low so theyshould have coverage appropriate for their country of origin

Minimum DeathBenefit 3 x AnnualSalary. (Note: it is

unclear whether thelocal insurers havethe reinsurancecapacity to insureforeign workers

Coverage is virtuallyunknown in Iraq and evenDoctors/Hospitals do not

purchase. This situation islikely to change and weshould endeavor to get aminimum of US$25,000 inlimits

Compulsory under the Road Traffic Act withunlimited liability for BI. "Premiums" are paidvia a levy on gasoline so theoretically all

vehicles are insured. These premiums arehanded over to the National InsuranceCompany which administers claims. PD limitsare unknown but we should endeavor to get aminimum of $25,000

to be added to GL policy.The Personal InjuriesAssessment Board (PIAB)Act of 2003 handlesquantum for claims

BI is unlimited under Road Traffic Act.Minimum PD is Euro350,000 under the EUFourth Directive

State Fund, no certification required.

Administered by National InsuranceInstitute of Israel under National InsuranceLaw, 1995

minimum limit

US$5,000,000

Compulsory under the Compensation for

Traffic Accident Casualties Law 5735/1975 andMotor Vehicle Insurance Law 5730/1970. BI isunlimited by Statute. Minimum PD limit of NIS350,000 required.

Compulsory under Istituto Nazionale per L'assicurazione contra gli Infortuni sulLavoro (INAIL) No certification required

Minimum limitEuro3,000,000. May beadded to GL policy

Compulsory under Law 990 of 12/24/69 andfollowing. EU Fifth Directive requires Euro1,000,000 BI and Euro 500,000 PD

Statutory limits not sufficient. Minimum limitPDJ$1,500,000 per accident BI J$2,000,000per person, J$5,000,000 per accident

The Workers Compensation Insurance Actof 1947 provides Social Security typebenefits. Excess benefits are availablefrom the private insurance market butlarger employers tend to self insure theexposure. No certification required

minimum limits Yen30,000,000

Minimum DeathBenefit 3 x AnnualSalary (NB theJapanese markethas a broaddefinition of PA,including, in somecases, nursing careand "maturityrefund" which is asavings vehicle. Weonly requiretraditional PAcoverage).

There are specialwordings for 23professions with coverageusually arranged by aProfessional Association.We require a minimum of Yen 100,000,000

The Automobile Liability Security Law (CALI)was introduced in 1955 for BI only. Limits werelast increased in 2002. We require CALI plusexcess limits to US$ 500,000 BI and US$100,000 PD

A state scheme under the Social SecurityLaw #19, 2001. Administered by theSocial Security Fund. No certificationrequired


1984 Law amended by Third Party LiabilityCompulsory Motor Insurance Regulation #32,2001 establishes BI limits of JD 10,000 (for death) and PD limits of JD 75,000. We requirea BI limit of JD 25,000

Required but not yet obligatory under Art.20 of the Law on Safety at Work.Coverage is provided via a PersonalAccident policy

Minimum DeathBenefit of 10 xAnnual Salary asrequired by Art. 30of the Law on Safetyat Work

Compulsory under Law 139 of 1996 but limitsare inadequate. We require a minimum of US$20,000 PD/BI


Benefits provided by Social Security under the Labour Standards Law 1953 and theIndustrial Accidents CompensationInsurance Law of 1964. No certificationrequired unless it is a one employeecompany as these are exempted from theAct

KRW 100,000,000 per person, KRW 200,000,000per occurrence (except notrequired for one personfirms)

KRW 100,000,000 (someprofessions pay a cashdeposit to their professional association or purchase a Bond, butlimits are rarely adequate.

Obligatory under the Compulsory LiabilitySecurity Law of 1963 (CALI). Limits wereincreased in 2005 to KRW 100,000,000 for Death, KRW 20,000,000 other BI, KRW10,000,000 PD. However it is common topurchase voluntary additional coverage tounlimited PD/BI and we require this.

Benefits are provided for by the Labour Law 38.1964 and Ministerial Order 66.1983 but insurance is not compulsory.Certification required

Minimum limits KWD100,000 per person, KWD250,000 aggregate

not required (but incertain cases WCissued inconjunction with PAand/or Group Life).

Compulsory under Road Traffic Act 1959 asamended by Traffic Law 67/1976. Both BI andPD are unlimited.

Not compulsory but the Law on Workrequires employers to pay 20 x salary for death plus a pension to dependents toage 18 (or 23 if in full time education).Certification required.

Not compulsory. We require minimum limits of US$ 20,000 BI and US$ 20,000 PD.

Responsibility defined in the WorkersCompensation Act of 1990 and reaffirmedby the Labor Law of 1994, coverage isprovided by the Social Security System for Enterprise Employees which incepted in2001. No certification is required but limitsare very low so PA is a requirement


US$ 25,000 but currentlyonly freely available for architects

Compulsory since 1990 (when no insurancecompany existed!). The limits ae extremelywith a maximum liability under the Act of KIP10,000,000 (US$ 926). We require "Option IV"with limits of KIP 450,000,000 BI and KIP50,000,000 PD.

Covered by the State Welfare System. Nocertification required.


LAT 50,000 unlessstaturory limits higher

EU 4th Directive introduced 2004. Limits areLAT 250,000 BI and LAT 70,000 PD

Decree #136 of 9/16/83 has not yet beenenacted and we will accept a WC policy(extended to include Employers Liability)or a PA policy in lieu.

Minimum DeathBenefit 3 x AnnualSalary if WC notpurchased

1977 Law requiring Compulsory BI coveragewas enacted in 2003 with limits of US$500,000for cars. We require also a minimum of US$50,000 for PD. There is a possibility of newLegislation in 04/05 which may establish ahigher PD limit.

No information currently available butSouth African limits would not beunreasonable.

State scheme administered since 2000 bySoDra. No certification required


LIT 150,000 unlessstatutory requirementshigher

Compulsory since 2002 with very low limits. EU4th Directive limits of Euro 500,000 PD andEuro 1,000,000 BI effective since May 2004.


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Personal Accident(PA) Auto Liability (BI = Third Party Bodily Injury,PD + Third Party Property Damage)Macedonia not required Euro 100,000

Madagascar not required MFR 5,000,000,000 MFR 1,000,000,000

Malawi US$50,000

Malaysia not required 500,000 50,000

Maldives not known to be added to the GL policy not required 100,000 25,000 Statutory coverage

Mali not required 100,000 50,000

Malta not required MTL 1,000,000

Marshall Islands No information currently available 100,000 25,000

Mauretania No information currently available 100,000 50,000Mauritius MUR 10,000,000 MUR 5,000,000

Mexico to be added to GL policy 500,000 100,000

Micronesia No information currently available 100,000 25,000Moldova 100,000 25,000

Mongolia not required 25,000 5,000

Morocco not required MDH 5,000,000 MDH 1,000,000

Mozambique not required not required 50,000 10,000 minimum limits of US$ 25,000 BI/PD combined

State scheme, no certification required.PA is required.


Euro 50,000 unlessstatutory requirementshigher

The Motor Third Party Liability Act of 2005 willreplace Part 5 of the Insurance Act of 1997with increased limits of Euro 50,000 PD/BI (for cars). These limits will increase annually to2010 when they will be Euro 500,000 PD andEuro 1,000,000 (for cars). As of 4/04 the newAct was not in force but require a minimum of Euro 50,000 PD/BI or higher as required byStatute.

Some coverage available from the CaisseNationale de Prevoyance Sociale

(CNaPS). Certification not required. (PA isrequired).


Salary

Statutory is theoretically unlimited but inpractice limited by Reinsurance to MFR

5,000,000. The Insurance Law of 1999/Application Decree 2000-986 is toinclude a scale of benefits for most injuries buthas not yet been published (May 05).

Introduced by the Workers CompensationAcy of 1990 (and amendments) but is notcompulsory by law. Limits are very lowand should be supplemented by aPersonal Accident insurance. Certificationrequired

Minimum limits MWK1,000,000 per person, MWK5,000,000 annual aggregate


US$100,000. Up toUS$1,000,000 said to beavailable

Road Traffic Act of 1997 provide for unlimitedliability for Bodily Injury. The Property Damagelimit of MWK 250,000 was increased (in error)by the Government Gazette to a minimum of MWK 5,000,000. This is under discussion. Wewill accept MWK 2,500,000

State Scheme under the Employers SocialSecurity Act of 1969 and Employers SocialSecurity (General Regulations) 1971which brought in the Social SecurityOrganization (SOCSO). Coverage isobligatory but does not apply to foreignworkers. These are protected by theWorkers Compensation Act of 1952 (asamended). No certification required for SOCSO. Certification is required if foreignworkers are employed

Minimum limit of US$500,000

Road Traffic Act of 1987 requires unlimited BIcoverage (passenger liability is onlycompulsory for public transport vehicles). Werequire a minimum of US$25,000 for Passenger Liability and PD.

State scheme under the InstituteNationale de la Prevoyance Sociale. Nocertification required.



Under the Conditions of EmploymentRegistration (ERA) Act employers areresponsible health and welfare of staff for full salary for 12 months (6 day"deductible" for work related accidents).Insurance is not compulsory and shouldbe added to the EL policy

The Employers Liability(Compulsory Insurance) Actof 1974 was passed byparliament but never enacted, Cover for occupational accidents anddisease is available and wealso require that the policybe extended to cover ERAbenefits (see WorkersComp).

MTL 100,000 unlessstatutory requirements arehigher.

Malta Road Traffic Act 1939 limits amended onEU accession to MTL 500,000 for BI and MTL100,000 for PD

State scheme administered by theNational Pension Scheme (1976) withbenefits defined by the Industrial InjuryScheme (1979).

Required - used to pay first15 days disability which isnot covered by NPS

To comply with IISbenefits standard is6 x Annual Salaryfor Death and 8 x for Permanent Disability

Statutory coverage is unlimited for BI/PD butthere are some indications legislation will beintroduced to limit liability.

State Scheme under Social Securitylegislation. No certification required.


The Federal District Assembly passed a law in1997 (Seguro Obligatorio para el Uso deVehiculos Automotores - SUVA), to introducecompulsory BI cover. Due to a change ingovernment it was only enacted for PublicTransport Vehicles (however this appliesnationally for vehicles carrying fare payingpassengers). Nueva Leon and Chihuahuahave legislation requiring compulsorycoverage. Users of toll roads have a form of coverage applicable only while on the road.Commercial vehicles on any Federal Highwayare required to have compulsory BI/PDcoverage. As all of these limits are quite low,we require a minimum of US$ 50,000combined for BI/PD.

Law on Labor Protection insurance iseffectively issued as Personal Accident

not required(effectivelycovered byPersonal Accident)

Law on Labor Protection requires aminimum DeathBenefit of 10 yearssalary

Law on Compulsory Third Party LiabilityInsurance of the Owners of Motor Vehicles andCity Electric Transport of 1994 (effective1/1/95) requires unlimited BI and PD cover of MOL 180,000. Due to devaluation, we requirea minimum PD limit of US$25,000

The Law requiring this coverage has notbeen implemented. We will accept PAcoverage in lieu


Law on Insurance of 1997, amended byRegulation 95 of 19 March, 2003 providescomplulsory limits of MTN1,000,000. Werequire a minimum of US$5,000 for both PDand BI

Insurance, with limits as per the WorkersCompensation Insurance Law 18-01 of 2002 (amended in 2003, will not becomecompulsory until 2006, but we require the

coverage to be in place.


Compulsory under Law 1-69-100 of 1969 asamended by Law 1-84-177 of 1984. The BIcoverage, which was unlimited, was reduced toMDH 10,000,000 under the Insurance Law of

2002 (17-99). We require minimum limits of MDH 10,000,000 for BI/PD combined.

to be insured as per the requirements of Decree 8/85. Certfication required


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Personal Accident(PA) Auto Liability (BI = Third Party Bodily Injury,PD + Third Party Property Damage)Myanmar not required

Namibia

Nepal not required 50,000 10,000

Netherlands not required

Netherlands Antilles no other information currently available 1,000,000 50,000

New Zealand not required NZ$2,000,000 NZ$1,000,000

Nicaragua not required 100,000 10,000

Niger not required 100,000 50,000

Nigeria not required NGN 10,000,000 NGN 5,000,000

Norway not required not required NOK 10,000,000

Oman to be added to GL OMR 150,000 OMR 50,000

Pakistan US$ 250,000 US$ 25,000

Palau No information currently available 100,000 25,000Panama to be added to GL policy not required 500,000 50,000

Papua New Guinea No information currently available 100,000 25,000

The Workmens Compensation Act of 1923imposes strict liability on employers but noobligation to insure. Firms with more thanfive employees are also bound by theSocial Security Act of 1954, which is astate scheme, no certification required.Social security benefits are limited so werequire PA coverage.


Obligatory under theInsurance Law, but notenforced. Minimum limit US$100,000

Very undeveloped marketeven though theCommercial Law onnegligence follows EnglishLaw and practice.Minimum US$ 10,000

Compulsory under Art. VI of the 1993Insurance Law. Limits are MMK 25,000 for Death and BI but unlimited per accident. PDlimit is MMK 10,000. It would appear thatExcess limits are only available if the premiumis paid in US$. We should endeavor to obtain aminimum of US$15,000 PD

The Employees Compensation Act of 1995, which amended the WorkmensCompensation Act of 1941 provides

compulsory coverage for employeesearning up to NMD72,000 p.a. This isadministered by the State under the SocialSecurity Act of 1994. No certification isrequired. (NB most employees will haveno coverage under this scheme)

Minimum limit of NMD1,000,000

Minimum DeathBenefit of 3 x AnnualSalary

Minimum limit of NMD5,000,000

Minimum limit of NMD500,000 (Note: thiscoverage may need to be

placed in South Africa)

The Motor Vehicle Act of 1990 requirescoverage of NMD 250,000 for BI (Passenger Liability is NMD 25,000 per occurrence). This

cover is granted by the State via a levy ongasoline. We require additional limits with aminimum of NMD 2,500,000 BI/PD which iscommonly offered.

Labor Act of 1992, Art.38 establishesmandatory insurance for certainoccupations but insurance is provided viaPA policy - see requirements


Transportation Act has not been implemented.Minimum requirements PD/BI US$10,000

There are numerous Acts that trigger payments under the state Social Securityschemes but the government involvementis reducing. We require a minimum WClimit of Euro 1,250,000 for smallcompanies, increasing to Euro 5,000,000for large companies

To be added to the GLpolicy. Liability is generallyunlimited in the aggregate.

Euro 1,250,000 - 5,000,000 asper WC

Many professions have"required", but not"statutory" limits. Euro1,000,000 is the minimum

EU 4th Directive limits. EU 5th Directive to beimplemented

Accident Compensation Corporationprovides no-fault coverage. Nocertification required.

NZ$2,000,000 (cover willexclude liability for whichcompensation is provided toany extent by the AccidentRehabilitation andCompensation Act, 1992.

BI is handled on a No-Fault basis by theGovt.Accident Compensation Comission(ACC), there are no statutory limits as such.The scheme is funded by a levy on gasolineand a charge in the vehicle registration fee. PDNZ$20,000,000 is commonly available.

State scheme under the InstitutoNicaraguense de Seguridad Social. Nocertification required


The Ley de Regimen de Circulation Vehicular e Infracciones de Transito passed 6/20/02 andis now approved as Law # 431. Some doubtexists as to whether certain types of organisations (such as Cooperatives) will beallowed to "insure" the liabilities themselves.The limits ar US$ 2,500 per persom/US$ 5,000per accident for Bodily Injury. We requireincreased limits of US$10,000 for PD/BIcombined

State scheme under the Caisse Nationalede Securite Sociale. No certificationrequired.



Obligatory under the WorkmensCompensation Decree 17 of 1985.Certification required

included in the WCcoverage in Nigeria

BI is for unlimited liability and is compulsoryunder the Motor Vehicles (Third Party)Insurance Act of 1950. PD cover of NGN1,000,000 is compulsory under the InsuranceAct. However we require a minimum of NGN2,000,000

Compulsory to statutory limits (based onearnings) under Lov om yrkesskade,1989. We require certification of this andalso of the complementary "safety"(trygghet) coverage

NOK 5,000,000 (certainprofessions required byLaw to have higher limits

Compulsory under Motor Liability Law(Bilansvarsloven, 1961) amended in 1974. BIis unlimited and PD is NOK 1,000,000. Werequire increased PD limits of NOK 5,000,000

Compulsory under Decree 44/77 for companieds that have more than 8employees. Certification required. (Omaninationals also have a Social Securityscheme)

For companies withfewer than 8employees,Minimum DeathBenefit 3 x AnnualSalary

Compulsory since 1983 with limits of OMR75,000 any one accident

The Workers Compensation Act of 1923obligates employers with more than 10staff to provide benefits but does not makethe insurance compulsory. There is asalary cap so only lower paid workersbenefit. If the Industry is subject to theSocial Security Ordinance of 1965 theSocial Security Act of 1965 takesprecedence. Benefits were increasedunder the Labour Laws (Amendment)Ordinance, 2001 but are still low. Wetherefore require the Personal Accidentcoverage as a supplement. A WCcertificate is required where appropriate,no certification required for SocialSecurity.

to be added to GL policywith a minimum limit of US$100,000


Section 95 of the Motor Vehicle Act. 1939requires compulsory, unlimited, BI cover. Wealso require minimum PD limits od US$ 20,000

State scheme via the Caja de SeguroSocial. No certification required

Compulsory cover was introduced in 1993 butnever enacted. Vehicles entering port areas

are required to carry US$ 100,000 per person,US$ 300,000 per accident for BI. We requirethese limits plus US$ 25,000


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Personal Accident(PA) Auto Liability (BI = Third Party Bodily Injury,PD + Third Party Property Damage)Paraguay minimum limit US$25,000 not required 100,000 25,000

Peru to be added to GL policy not required 250,000 25,000

Philippines not required 100,000 25,000

Poland not required 500,000 100,000

Portugal Euro 500,000 not required Euro 500,000

Puerto Rico not required not required 1,000,000

Qatar QAR 2,000,000 QAR 3,500,000

Romania 500,000 250,000

Russia not required 250,000 20,000

Rwanda No information currently available. 100,000 50,000Saipan no other information currently available 500,000 50,000

Samoa (American) No information currently avai lable.Samoa (Western) No information currently available. 100,000 25,000Sao Tome & Principe No information currently available. 100,000 50,000Saudi Arabia SRY 1,000,000 SRY 1,000,000

Senegal not required 250,000

not available not required Euro 100,000

not available not required Euro 100,000

Seychelles no information currently available 250,000 100,000Sierra Leone no information currently available 100,000 50,000Singapore not required S$ 1000000

Slovak Republic not required not required SKK 20,000,000

Statutory (IPS) under Decree Law 1860 of 1950, no certification required

Not compulsory, legislation has been pendingfor some time. Standard coverage is PYG40,000,000 Bi and PYG 20,000,000 PD.

Statutory under Law 26790 (as amended),known as Seguro Complementario deTrabajo de Riesgo (SCTR). Handled byLife insurers and Health companies(Entidades Prestadoras de Salud).Certification required.

Statutory under Law 27181 Art 30 andMinisterial Resolution 336-2001-MTC 15.02.Known as Seguro Obligatorio de Accidentesde Transito (SOAT), as amended by SupremeDecree 001-2004-MTc. However limits arevery low and we require excess limits of US$30,000 BI/PD

Regulated by the EmployeesCompensation and State Insurance Fund(Presidential Decree 626). Originally viaDecree 442 - the Labor Code of thePhilippines. As a state administeredscheme we do not require certification

to be added to GL policywith minimum limits of PHP1,000,000

Chapter VI of the Insurance Code 1978imposes compulsory BI limit of PHP 50,000.This is inadequate and we require a minimumof US$25,000 PD/BI combined

State scheme under the Social InsuranceInstitute (ZUS) (which is financiallyunstable). No certification required

to be added to GL policywith minimum limits of US$50,000

Act of 5/22/03 requires Euro 350,000 per person for BI and Euro 200,000 for PD. Theselimits are acceptable. Limits are expected toincrease to match the EU 5th Directive

Required under Law 100/1997, DecreeLaw 143/1999, Law 99/2003 and Law35/2004. Certification required

Euro 500,000 unlessstatutory limits higher

Compulsory under the Codigo da Estrada.Current limits in line with EU 4th Directive

State scheme under Workers accidentCompensation Act of 1935 andamendments. No certification required.

US$ 1,000,000 (medicalmalpractice is placed via apool of insurers with lower limits).

Compulsory BI is on a No-Fault basis withlimits of up to US$ 25,000 for Death. PD isUS$ 3,000 on a negligence basis. Cost is paidwith Vehicle Licensing. We require a minimumof US$ 100,000 BI/PD combined.

Responsibilities established by Labour Law #3/1992 but insurance is notcompulsory. Some firms may insure via aPA policy. Certification required

Minimum QAR 1,000,000(added to WC policy)

not required unlessWC not in force.Minimum DeathBenefit equal to"Diya" requirements

Compulsory by Art.58 of the Resolution of theMinister of the Interior #1/1981. Limitsestablished under Law #4/1992 are unlimitedfor PD and BI. "Blood Money" for death claimswas increased to QAR 150,000 in 2004

Law 346/2002 establishes a socialsecurity fund but this is not expected to beoperational until 2005 and it is not clear whether the benefits will cover theliabilities established by Law 19/2000.Until this situation is clarified, PA is amandatory requirement


Compulsory for severalprofessions. MinimumEuro 250,000 unlessstatutory limits higher.

Current Statutory limits (2005) are ROL1,000,000,000 per person, ROL 5,000,000,000per accident BI and ROL 3,000,000,000 PD.EU 4th Directive limits to be reached by 2007.We accept current statutory limits.

State scheme (Social Insurance Fund) nocertification required


Compulsory limits under Law 40-F2 are notadequate (RUR 400,000). We require aminimum of US$20,000 PD/BI

State scheme under the GeneralOrganisation for Social Insurance (GOSI).No certification required. However theLabor Law prescribes different benefitswhich can be insured under a "Differencein Conditions" (DIC) policy - limits notedunder EL. We require either the DIC policyor a PA policy.


SRY 500,000 but may bedifficult to obtain.

Compulsory under Royal Decree #222 of 2001.BI is unlimited, PD is SRY 5,000,000.However insurance is issued to holders of drivers licenses rather than to vehicles.

Nationalized in 1975 under Law 75-50 butthe scheme is poorly funded. Nocertification required. PA is required


US$ 50,000 Coverage iscompulsory for someprofessions but is noteasily obtainable. In somecases Bonds are posted.


Serbia & Montenegro -Kosovo

State scheme under Social Security, nocertification required. Employers areresponsible for the first 60 days of benefitsbut there is no insurance available tocover this.

often added to TPcoverage with 25% of thatlimit

Compulsory limits for cars are Euro 100,000per person, Euro 300,000 per event BI, Euro50,000 per claim, Euro 100,000 per event PD

Serbia & Montenegro -Serbia

State scheme under Social Security, nocertification required. Employers areresponsible for the first 60 days of benefitsbut there is no insurance available tocover this.

often added to TPcoverage with 25% of thatlimit

Current Law, Arts 73 - 108 of the Property &Personal Insurance Act, 1996 requirescompulsory limits of US$ 100,000 PD/BI for cars. Anew law, due to be passed in 2005 willincrease these limits to Euro 500,000 PD andEuro 1,000,000 BI but the law has beendelayed following revocation of the licenses of 15 insurance companies (6/05)

Compulsory under the WorkersCompensation Act for most manualworkers and office staff earning less thanS$ 1,600 per month

Issued as part of WC policy,limit is typically S$10,000,000

S$ 500,000 certainprofessional associationsrequire members to carryhigher limits

The Singapore Road Traffic Act requiresunlimited BI cover. The market standard for PDis S$ 5,000,000 for cars

State Monopoly since 4/1/02 under SocialInsurance Institute. No certificationrequired

minimum limit SKK5,000,000 Certainprofessions havecompulsory requirements.Where these exist we willtake the lower statutorylimit subject to a minimumof SKK 1,000,000 (aboutUS$30,000).

Auto Liability> From 1/2/02 minimumcompulsory limits are SKK 5,000,000 for PDand SKK 19,000,000 for BI. These limits canbe increased to SKK 60,000,000 for 20%additional premium. The SKK 60m. is our minimum requirement except for vehicles thattravel outside Slovakia where SKK 100m. ir required. The EU 4th Directive came into forceon 1/15/05 and the above limits are said tocomply. The 5th Directive, when enacted, willrequire higher limits. (NB benefits for Pain &Suffering are capped at about US$100,000under Amendment 437/2004 to Act 381/2001).


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Personal Accident(PA) Auto Liability (BI = Third Party Bodily Injury,PD + Third Party Property Damage)Slovenia Euro 1,000,000

Solomon Islands no information currently available 100,000 25,000Somalia no information currently available 100,000 50,000South Africa to be added to GL policy not required SAR 5,000,000

Spain not required Euro 1,000,000

Sri Lanka not required 100,000 25,000

St. Lucia not required Minimum limit XCD 500,000

St. Vincent & the Grenadines not required Minimum limit XCD 500,000

Sudan not required 100,000 10,000

Suriname not required 100,000 25,000

Swaziland 500,000 200,000

Sweden not required not required SEK 10,000,000

Switzerland not required not required CHF 4,000,000 CHF 1,000,000

Syria State scheme. No certification required not available SYP 50,000,000

Taiwan (R.O.C.) not required 500,000 50,000

Tajikistan no information currently available 100,000 25,000

Tanzania to be added to WC policy TZS 1,000,000,000 TZS 50,000,000

Thailand Minimum limit of US$50,000 not required 500,000

The Gambia no information currently available 250,000 100,000Timor Leste No information currently available 100,000 25,000Togo not required not required 50,000

State controlled through Social Securitysystem. No certification required.

Required unless veryspecifically nor excluded byGL policy (increasinglyrare). Policy mainly coversdifference between actualearnings ans social securitybenefits but also pays for pain & suffering.


Compulsory for manyprofessions but often withlow limits. Coverage maybe provided by aprofessional associationbut "top-up" cover isavailable. Our minimumlimit is Euro 200,000unless statutory limit ishigher.

State Scheme - Compensation for Occupational Illnesses and Diseases Act #131 of 1993 (COIDA). No certificationrequired

SAR 1,000,000 (may beoffered by a professionalassociation)

Unlimited BI under Compulsory Motor VehicleInsurance Act # 56 of 1972 and Road TrafficAct # 29 of 1989 (as amended). Standardvoluntary PD cover of SAR 2,500,000 isacceptable

Nationalized under Social Security Law of 1963. No certification required

to be added to GL policy(seguro patronal)

Euro 500,000 (often donevia a professionalassociation

Compulsory limits under EU 4th directive areacceptable, no certification required. 5thdirective with higher limits pending - will beEuro1m. BI Euro 500k PD

The Workers Compensation AmendmentAct of 1990 extended employers legalliabilities but did not make the insurancecompulsory. Limits are low. Certification of insurance is required


Motor Traffice Act of 1951 requires unlimited BIcoverage. PD is not compulsory but insurersroutinely give cover on an unlimited basis

Social Security benefits under the St.Lucia National Insurance Corporation Actof 2000, the Employees (OccupationalHealth & Safety) Act of 1985, the Industrialand Commercial Buildings (Fire SafetyAct) of 1973, the Factories OrdinanceChapter 106 and the Steam BoilersOrdinance Chapter 187. No certificationrequired



Compulsory under the Motor VehiclesInsurance (Third Party Risks) Act #24 of 1988.Limits are XCD 300,000 per person, XCD1,500,000 per event BI, XCD 200,000 per claim, XCD 500,000 per event PD

Social Security benefits under the National

Insurance Act #33 of 1986 and theFactories Act of 1990. No certificationrequired

Minimum limits XCD

1,000,000

US$25,000. Coverage is

generally placed offshoreat Lloyds

Compulsory under the Motor Vehicles

Insurance (Third Party Risks) Act of 1947.Limits are XCD 10,000 per person, XCD100,000 per event BI. PD is not compulsoryunder this Act. A new Act, the Motor VehiclesInsurance (Third Party Risks) Act #4 of 2003increased the BI to XCD 250,000 per persomand XCD 1,000,000 per event and includes PDwith limits of XCD 250,000 per "item" and XCD500,000 per event. As of 6/05 this legislationhas not been enacted, however we require thenew limits as a minimum

The National Social Insurance Fund(NSIF) is administers benefits payableunder the Social Insurance Act of 1990.This only applies if a worker is disabled bymore than 15% (or is killed). For other injuries Workers Compensation iscompulsory under the Work InjuriesCompensation Act of 1981 butenforcement has been limited.

included in the WCcoverage in Sudan

The Road Traffic Act #5 of 1962 was amendedin 1993 to take Sharia into account. The Actlimit for BI is SDD 2,000,000. Per person. PD isunlimited. The BI limit (called Deya) is awardedin almost all cases as it is so low.

Statutory under Law of 1947 (amended in1950, 1975, 1983 and 2001). Certificationrequired


Motor Third Party (WAM) Act of 1981 amendedin 2001 provides statutory limits of SRG7,000,000 for BI and PD. Excess limits toUS$10,000 PD/BI required

No information currently available butSouth African limits would not beunreasonable.

State social security benefits oftensupplemented by collective agreementsunder TFA (trygghetsforsakrimg vidarbetsskada) which is provided byspecialized insurers. No certificationrequired

SEK 5,000,000 individualindustry practice may behigher

The Motor Traffic Damage Act of 1975imposes obligatory BI/PD for limits asannounced. Currently this is SEK 300,000,000but is expected to be aligned with the EU 5thDirective in due course

Compulsory under Federal Law onAccident Insurance (UVG), introduced on1/1/84. May be placed with semi-stateowned SUVA (which has a monopoly for civil servants and certain other categories), or via private insurers.Certification required

Statutory limits closely follow EU Directives.Current minimum PD/BI is CHF 5,000,000 for cars but most people carry CHF 100,000,000.We require a minimum of CHF 20,000,000


US$ 25,000 may bedifficult to obtain other than for engineers

Technically legal liability is unlimited but thestate insurer usually offers SYP 300,000 eachfor BI and PD. We require limits of SYP1,500,000 BI and SYP 1,000,000 PD

State scheme under the Labor InsuranceAct of 1958 as amended in 1995. Nocertification required

Minimum limits TWD5,000,000

Compulsory for BI with limit of TWD 1,400,000per person, unlimited per accident PD is notcompulsory. We require TWD 5,000,000 eachfor BI and PD.

The compulsory coverage is for extremely lowlimits (US$ 400). We should look for aminimum of US$15,000 PD/BI combined.

Introduced by the WorkmensCompensation Ordinance, 1948 asamended and updated by other Statutes(Zanzibar has similar legislation). Limitsare extremely low so PA is mandatory.Certification is required.

Minimum DeathBenefit equal to 41 xMonthly Salary

Compulsory under the Vehicles Insurance(Third Party Riskd Ordinance 1945(Tanganyika) and Motor Vehicles (Third PartyRisks) Decree 1953 (Zanzibar). BI is unlimited,PD is not compulsory. We require PD cover of US$ 25,000.

The Workmens Compensation Act of 1994amended in 2002 moved coverage to theState. No certification required

US$100,000, unless in themedical field whereminimum is US$250,000

Statutory limits under Protection of Motor Accident Victims Act of 1992 are very low. Werequire minimum limits of $25,000 per person,$250,000 per accident for BI and $50,000 PD

State scheme under the Caisse Nationalede Securite Sociale. No certificationrequired. (previously Office Beninoise deSecurite Sociale). No certification required

Written as ResponsabiliteCivile du Chef d'Entreprise.Minimum limit CFA1,000,000,000



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Personal Accident(PA) Auto Liability (BI = Third Party Bodily Injury,PD + Third Party Property Damage)Tonga no information currently available 100,000 25,000

Trinidad & Tobago not required TTD 2,500,000

Tunisia not required 500,000 50,000

Turkey not required US$250,000

Turkmenistan not available not available 100,000

Turks & Caicos Islands US$250,000 Not required US$1,000,000

Uganda not required not required 50,000 25,000

Ukraine not required 250,000 50,000

United Arab Emirates to be added to GL policy not required 250,000 100,000

United Kingdom not required GBP 1,000,000

Statutory Limits. Certification required 500,000 not required 5,000,000 1,000,000 $ 1,000,000 BI/PD combined

Statutory Limits. Certification required 500,000 not required 2,000,000 not required US$ 500,000 BI/PD combined

Uruguay not required 500,000 100,000

Uzbekistan not required 25,000 10,000

Vanuatu no other information currently available 50,000 25,000

Venezuela to be added to GL policy not required 100,000

Vietnam 1,000,000 not required 50,000 25,000 PD/BI 25.000

Virgin Islands (British) 1,000,000 not required 1,000,000 500,000

Virgin Islands (US) Not required US$1,000,000

West Bank-Gaza minimum limit US$500,000 not required 250,000 50,000

Yemen to be added to GL policy 100,000 20,000

Zambia not required 250,000 100,000

Zimbabwe not required 250,000 100,000

The National Insurance Board,established in 1971, only provides limitedbenefits and WC cover is complementaryunder the Workers Compensation Act of 1960. Certain benefits were amendedunder the National Insurance Act of 2004.Certification required.

to be added to the WCpolicy.

TTD 1,000,000 unlessstatutory limits higher

Statutory under Motor Vehicle Insurance (ThirdParty Risks) Act of 1998. Limits are TTD1,000,000 per person, TTD 2,000,000per sccident for BI and TTD 1,000,000 PD.

State Scheme - CNSS. No certificationrequired


Statutory is currently unlimited for PD/BI butpending legislation may change this

State Scheme under Law 4772 of 1946amended by Law 506 of 1964 (SSK). Nocertification required

Minimum limit of US$50,000per person, US$150,000per accident

US$100,000 (contractsunder US$10,000,minimum limit US$20,000

Statutory Auto Liability as required by the RoadTraffic Act, 1983. The amounts havehistorically been amended periodically in linewith inflation. We requirethat the statutorycoverage be increased to a minimum of US$25,000 PD/BI on a facultative basis


US$ 25,000 minimum butmight be difficult to obtainwithout outsidereinsurance support

Compulsory but limits are extremely low. Werequire a minimum of US$ 25,000 PD/BIcombined.

State scheme under National InsuranceOrdinance and regulations, 1992. No

certification required.

US$100,000. Generallyplaced offshore

Compulsory under the Motor Vehicle (ThirdParty) Insurance Ordinance, 1991. Limits are

US$500,000 BI, US$10,000 PD. We require aminimum of US$50,000 PD.

Statutory under Workers CompensationAct No 8 of 2000. Certification required

Statutory Vehicle Insurance (Third Party Risks)Statute of 1988 has inadequate limits. Werequire a minimum of US$20,000 PD/BI

The Fund for Social Insurance for Accidents at Work and OccupationalDiseases started operation in 2001 as astate scheme. No certification required


Compulsory cover for BI introduced in 1997and for PD in 2000 but not effective until1/1/05. Limits are HRY 51,000 BI and HRY25,000 PD. We require a minimum of US$25,000 PD/BI combined.

Strict liability under Federal Law No 12 of 1986. Certification required

Compulsory. BI is unlimited, PD is AED250,000. Limits acceptable, certificationrequired

State scheme governed by the SocialSecurity and Benefits Act of 1992. Nocertification required

The Employers Liability(Compulsory Insurance) Actof 1969 as amended in1999 imposes minimumlimits of GBP5,000,000.Certification required

GBP 1,000,000. Coverageis often provided on agroup basis byprofessional associations

The Road Traffic Act of 1972 (amended 1989)requires unlimited BI. The Motor Vehicles(Compulsory Insurance) Regulations of 1987imposes a statutory minimum PD limit of GBP250,000 although most insurers commonlyoffer much higher limits. No certificationrequired

USA (excludes Guam,Puerto Rico, Saipan & USVirgin Islands). SERVICES

USA (excludes Guam,Puerto Rico & US VirginIslands). GOODS

Compulsory under Law 16074 of 1989.Statutory Limits. Certification required

Minimum DeathBenefit 3 x AnnualSalary(recommended).

Not compulsory, we require a minimum of $50,000 BI/PD combined

Theoretically covered by Social Security.No certification required


Compulsory by Law 122 of 1995 but limits areextremely low. We require a minimum of US$50,000 PD/BI

Basically provided by Social Security butcertain regions/types of employment haveprivate sector protection under Seguro deResponsabilidad Patronal (RP). Werequire certification of RP cover or confirmation that it is not applicable

US$ 25,000. Outsidereinsurance probablyrequired

Obligatory but limits severely reduced byinflation even though they are denominated inUnidades Tributarias (tax units). We requireminimum limits of US$ 25,000 PD/BIcombined.


State scheme for Social Security under Act #17 of the Legislative Council, 1979.No certification required.

The Motor Vehicle Insurance (Third PartyRisks) Ordinance of 1961 as amended in 2000requires US$ 25,000 per person, US$ 75,000per accident for BI and US$ 30,000 for PD. Werequire a minimum of US$ 100,000 BI and US$50,000 PD.

Compulsory under Title 24 of the VirginIslands Code, Chapter 254 onwards. Thisis managed by a state fund (which is saidto be underfunded). No certificationrequired.

Minimum DeathBenefit 3 x AnnualSalary(recommended).

250,000 (may be placedvia professionalassociations).

Compulsory under Title 20 of The VirginIslands Code, Chapter 47. Limits are US$10,000 per person, US$ 20,000 per accident BIand US$ 10,000 PD. We require US$ 300,000BI and US$ 100,000 PD.

State Fund, no certification required.Administered by National InsuranceInstitute of Israel under National InsuranceLaw, 1995

BI is unlimited by Statute. Minimum PD limit of NIS350,000

The Civil Code (Art. 313) imposes aStatutory Limit for Death of one person atYMR560,000. We require certification of coverage with a minimum limit of US$25,000 per event


BI limit as per Workers Comp. We require aminimum per event limit of US$25,000.Standard PD limit of YMR4,000,000 isacceptable

State scheme under the Workerscompensation Act # 10 of 1999 andadministered by the WorkersCompensation Fund Board. Nocertification required.

Minimum limits of US$50,000

Compulsory under the Roads and Road TrafficAct of 1995 but limits are extremely low. Werequire a minimum of US$ 25,000 PD/BIcombined.

The Accident Prevention and Workers'Compensation Scheme, StatutoryInstrument 68 of 1990 , was gazetted interms of the National Social SecurityAuthority Act Number 12 of 1989 andamended by Statutory Instrument 146 of 2004, the National Social SecurityAuthority (Accident Prevention andWorkers' Compensation Scheme)(Prescribed Matters) Notice. State

scheme, no certification required.

Minimum limits ZWD100,000,000

1976 Zimbabwean Road Traffic Act as revisedin 1996 requires "Act" cover with limits variableby type of vehicle of ZWD 10m. - 20m. BI andZWD 250k. - 500k. PD. Third Party Liability for excess limits is issued separately. We requirea minimum of US$ 25,000 PD/BI

Documents

Intnl InsuranceRequirements