Act on Non-Life Insurance Rating Organizations of Japan

E538258

The Act on Non-Life Insurance Rating Organizations of Japan is a Japanese law that regulates the establishment and operation of rating organizations that calculate and provide standard premium rates for non-life insurance.

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Statements (30)

Predicate Object
instanceOf Japanese law
insurance law
aimsTo promote fairness in non-life insurance premium rating
protect policyholders in the non-life insurance sector
appliesTo rating organizations that calculate standard premium rates for non-life insurance
rating organizations that provide standard premium rates for non-life insurance
concerns calculation of standard premium rates
provision of standard premium rates to non-life insurers
country Japan
defines obligations of non-life insurance rating organizations
requirements for authorization of non-life insurance rating organizations
standards for the operation of non-life insurance rating organizations
enforcedIn Japan NERFINISHED
governs collective rating activities in non-life insurance
standardization of non-life insurance premium rates
hasLegalForm statute
jurisdiction Japan
languageOfWorkOrName Japanese
legalSystem Japanese legal system
purpose to ensure appropriate calculation of standard premium rates for non-life insurance
to regulate the establishment and operation of non-life insurance rating organizations
regulates establishment of non-life insurance rating organizations
non-life insurance rating organizations
operation of non-life insurance rating organizations
regulatoryArea insurance industry
non-life insurance market
sector non-life insurance
subjectMatter non-life insurance
standard premium rates
typeOfRegulation sector-specific regulation

Referenced by (1)

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Insurance Business Act of Japan relatedTo Act on Non-Life Insurance Rating Organizations of Japan