{
  "id": "clause-change-in-law",
  "type": "clause",
  "languages": {
    "en": {
      "id": "clause-change-in-law",
      "lang": "en",
      "type": "clause",
      "title": "Change in Law Clause",
      "shortDefinition": "The change in law clause governs how contract terms and continuation are affected if new legislation or regulation enacted after inception materially changes the insured risk or the basis of the contract.",
      "synonyms": [
        "Legislative change clause"
      ],
      "linesOfBusiness": [
        "Reinsurance"
      ],
      "jurisdictions": [
        "Global"
      ],
      "tags": [
        "Reinsurance",
        "Regulatory change"
      ],
      "relations": {
        "relatedTerms": [
          "term-treaty-reinsurance",
          "term-cedent"
        ],
        "partOf": [],
        "appliesTo": [
          "term-treaty-reinsurance"
        ],
        "regulatedBy": [],
        "relevantFor": [],
        "insurableVia": [],
        "mitigatedBy": [],
        "comprises": [],
        "alternativeTo": [],
        "complementedBy": []
      },
      "attribute": null,
      "profile": null,
      "coverageProfile": null,
      "clause": {
        "kind": "condition",
        "origin": "reinsurance-market",
        "favours": "neutral",
        "negotiability": "negotiable",
        "standardWordings": []
      },
      "legalBasis": [],
      "standards": [],
      "reviewStatus": "expert-reviewed",
      "reviewedBy": "Guido Hesse, Hesse Group Holding AG",
      "lastReviewed": "2026-09-04",
      "version": "0.1.0",
      "updated": "2026-09-03",
      "generated": {
        "by": "cursor-agent/claude-sonnet-5",
        "at": "2026-09-03T00:00:00.000Z"
      },
      "verified": [
        {
          "by": "human:ghesse",
          "at": "2026-09-04T00:00:00.000Z",
          "method": null
        }
      ],
      "staleAfter": null,
      "url": "https://hgh.ch/lexikon/en/knowledge/clause/change-in-law-clause/",
      "alternateUrl": "https://hgh.ch/lexikon/de/wissen/klausel/change-in-law-klausel/",
      "body": "## Purpose\n\nReinsurance treaties price risk and premium based on the legal position in force at inception. If that position changes materially – for example through new bases of liability, altered coverage mandates or regulatory intervention – the original pricing may no longer hold. The change in law clause creates a mechanism for dealing with such subsequent legal changes.\n\n## Effect and limits\n\nDepending on the wording, a material change in law triggers a duty to renegotiate, a special right of termination, or an automatic adjustment of premium and terms. The clause applies only to changes that materially affect the insured risk or the basis of the contract – not to every minor regulatory adjustment.\n\n## Negotiation and practice\n\nKey points are the definition of the materiality threshold and whether the clause applies retrospectively to losses already incurred but not yet settled. In lines with high regulatory dynamism (environmental, cyber, financial market regulation), the clause has particular practical relevance."
    },
    "de": {
      "id": "clause-change-in-law",
      "lang": "de",
      "type": "clause",
      "title": "Change-in-Law-Klausel",
      "shortDefinition": "Die Change-in-Law-Klausel regelt, wie sich Vertragsleistungen und Vertragsfortführung verändern, wenn nach Vertragsabschluss neue Gesetze oder Regulierungen das versicherte Risiko oder die Vertragsgrundlagen wesentlich verändern.",
      "synonyms": [
        "Rechtsänderungsklausel"
      ],
      "linesOfBusiness": [
        "Rückversicherung"
      ],
      "jurisdictions": [
        "Global"
      ],
      "tags": [
        "Rückversicherung",
        "Regulierung"
      ],
      "relations": {
        "relatedTerms": [
          "term-treaty-reinsurance",
          "term-cedent"
        ],
        "partOf": [],
        "appliesTo": [
          "term-treaty-reinsurance"
        ],
        "regulatedBy": [],
        "relevantFor": [],
        "insurableVia": [],
        "mitigatedBy": [],
        "comprises": [],
        "alternativeTo": [],
        "complementedBy": []
      },
      "attribute": null,
      "profile": null,
      "coverageProfile": null,
      "clause": {
        "kind": "condition",
        "origin": "reinsurance-market",
        "favours": "neutral",
        "negotiability": "negotiable",
        "standardWordings": []
      },
      "legalBasis": [],
      "standards": [],
      "reviewStatus": "expert-reviewed",
      "reviewedBy": "Guido Hesse, Hesse Group Holding AG",
      "lastReviewed": "2026-09-04",
      "version": "0.1.0",
      "updated": "2026-09-03",
      "generated": {
        "by": "cursor-agent/claude-sonnet-5",
        "at": "2026-09-03T00:00:00.000Z"
      },
      "verified": [
        {
          "by": "human:ghesse",
          "at": "2026-09-04T00:00:00.000Z",
          "method": null
        }
      ],
      "staleAfter": null,
      "url": "https://hgh.ch/lexikon/de/wissen/klausel/change-in-law-klausel/",
      "alternateUrl": "https://hgh.ch/lexikon/en/knowledge/clause/change-in-law-clause/",
      "body": "## Zweck\n\nRückversicherungsverträge kalkulieren Risiko und Prämie auf Basis der zum Abschluss geltenden Rechtslage. Ändert sich diese wesentlich – etwa durch neue Haftungstatbestände, geänderte Deckungspflichten oder aufsichtsrechtliche Eingriffe –, kann die ursprüngliche Kalkulation nicht mehr zutreffen. Die Change-in-Law-Klausel schafft einen Mechanismus, um mit solchen nachträglichen Rechtsänderungen umzugehen.\n\n## Wirkung und Grenzen\n\nJe nach Fassung führt eine erhebliche Rechtsänderung zu einer Neuverhandlungspflicht, einem Sonderkündigungsrecht oder einer automatischen Anpassung von Prämie und Bedingungen. Die Klausel greift nur bei Änderungen, die das versicherte Risiko oder die vertraglichen Grundlagen wesentlich berühren – nicht bei jeder geringfügigen regulatorischen Anpassung.\n\n## Verhandlung und Praxis\n\nWichtig ist die Definition der Erheblichkeitsschwelle sowie die Frage, ob die Klausel rückwirkend auf bereits eingetretene, aber noch nicht abgewickelte Schäden angewendet wird. In Sparten mit hoher regulatorischer Dynamik (Umwelt, Cyber, Finanzmarktregulierung) hat die Klausel besondere praktische Relevanz."
    }
  }
}