A Guide To Understanding Policy Wordings

Recent litigation has demonstrated the importance of understanding the policy contract wording. This webinar explains how policy wordings are constructed and may be interpreted.

The objectives for this session are:

• To provide knowledge and understanding of basic policy wordings for general insurance business
• Know how to apply knowledge of principles concerning the operation of policy conditions affecting claims for general insurance business

Content and learning of this session will include:

• Why understanding policy wordings matters
• The structure, functions, and contents of an insurance contract, including the schedule
• Contract certainty
• Policy wording conventions
• The legal background and the law governing policy wordings in UK
• The meanings of warranties, conditions, representations, and exclusions