Summary
This course introduces the reader, usually in the business of transacting general insurance to the impact of the Insurance Act 2015 on their activities.
Due to become law in August 2016, the Insurance Act will affect the activities of underwriters, brokers and claims handlers alike.
The Act will modify the traditional legal insurance principle of “Utmost Good Faith” as well as the effects of insurance warranties and the handling of fraudulent claims.
At the end of this course you will have gained knowledge of:
The background to the introduction of the Insurance Act
The duty of disclosure
What fair representation is
The impact of the act on insurance warranties
The impact of the act on fraudulent claims
Contracting out.
