Brazilian Insurance Contract Act

Law No. 15,040, also known as the Insurance Contract Law, is now in effect.

Insurance contracts must comply with the new legislation, while maintaining respect for the perfected legal act, acquired rights, and res judicata.

The new law covers all players in the sector, including insurers, reinsurers, insurance and reinsurance brokers, insurance distributors (retailers, marketplaces, banking channels, among others), and the insured themselves, whether large or small.
 

Regulation of the law by SUSEP is still at an early stage, with many changes expected next year, especially regarding products in several insurance lines.
 

Additionally, the topic will be further developed through doctrine and case law, with intense discussions, mainly concerning the non-retroactivity of the law and insurance claims.
 

Click here to check out the special newsletter regarding the law, its main provisions, and its impacts on the market.
 

In the Related Content section below, you will find all our materials on SUSEP"s recent regulatory proposals, as well as podcasts and videos related to the topic.
 

Our firm continues to monitor the issue and works with various stakeholders to ensure the best interpretation and adaptation to the new legislation.