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New U.S. Rules on Cuba Ease Some Insurance Restrictions

A sweeping set of measures announced late last week by the U.S. Treasury and Commerce departments ease the half-century-old embargo against Cuba, opening up the country to expanded travel, trade and financial activities...
January 23, 2015

New U.S. Rules on Cuba Ease Some Insurance Restrictions: A sweeping set of measures announced late last week by the U.S. Treasury and Commerce departments ease the half-century-old embargo against Cuba, opening up the country to expanded travel, trade and financial activities. Included are a few changes regarding insurance.

Persons subject to U.S. jurisdiction are now authorized to issue or provide coverage for global health, life or travel insurance policies for individuals ordinarily resident in a country outside of Cuba who travel to or within Cuba. Persons subject to U.S. jurisdiction are authorized to service those policies and pay claims arising from events that occurred while the individual was traveling in, to or from Cuba.

Another change authorizes the provision of health insurance, life insurance and travel insurance-related services to authorized travelers, as well as the receipt of emergency medical services and the making of payments for these services.

Click for the Treasury regulations and the Commerce regulations

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