Insurers Brace For Impact From Iran Gas Sanctions Bill

Law360, New York (January 26, 2010, 3:04 PM EST) -- A bill that seeks to pressure Iran into curbing its nuclear ambitions by restricting its gasoline imports could create headaches for insurers and reinsurers, which may have difficulty sorting out whether their underwriting activities could be subject to the new sanctions, according to insurance attorneys.

The Iran Refined Petroleum Sanctions Act of 2009 (H.R. 2194), a measure seeking to limit the availability of gasoline in the country, provides for sanctions against a number of entities involved in either exporting gas to Iran or helping the country...
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