Insurance Act 2015 Workshop

LATEST - Afternoon Workshop added 2:00 p.m to 5:00 p.m.

Parliament has now passed the new law, and it comes into force in August 2016. Underwriters, brokers, surveyors, loss adjusters and other claims handlers and Insureds too will all have to work to the new rules, so we shall take a preliminary look at what we may all need to do to be ready in time.

Rod Smith FCII FCILA is a Fellow of the Chartered Insurance Institute, a Fellow of the Chartered Institute of Loss Adjusters and a qualified diploma linguist. He has worked in insurance claims for over 40 years and uses this experience to train students of CII exams and other insurance staff in insurance law and business interruption

This half-day workshop is limited to 12 delegates to ensure maximum participation and learning. Each delegate will have a paper copy of the new Act, and we'll take a calm look at how we can apply the new law in practice to improve sales and claims for clients, by covering the following main points.

. how and when a binding Contract arises in English law, then
. briefly review the traditional law of disclosing material facts, and
. the reasons why the new Act was needed. Then we'll talk over
. the continued importance of existing case law.
. We'll then go through the main provisos of the new Act, being
. the end of breach of Utmost Good Faith as a means of voiding cover
. brokers' "fair presentations" of risks, now & after August 2016, with
. what new information needs to appear, how and why -
. Insureds' "senior management" and other responsible & insured persons
. the need to search for relevant information, brokers' knowledge,
. uncovering "blind-eye" knowledge.. and how maybe to delimit all this,
. how to encourage clients to comply with the Act.
. Underwriters now needing to participate by asking questions and
. what they are presumed to know and not know.
. The hazards of waiver of information, and why underwriters
. should not quote on non-compliant presentations.
. End of superfluity rule on non-disclosure as to breached warranty etc.
. The effects on Surveys and policy wordings,
. Insurers' four new remedies for unfair presentations &
. possible repayment of earlier claims.
. the old & new law of Warranties, Conditions & basis of Contract clauses,
. why the Insured will need their own forensic advice after some losses
. The "Opt Out" possibilities, partial or whole, with
. transparency, and when these tools might be useful.
. Fraud - what it is, and an awareness of its new consequences
. Third Party (Rights against Insurers) Acts - be aware of the changes

Rod will also touch on the coming major changes that affect us all in the Enterprise Bill 2015, in respect of damages for late payment of claims.

How to book

Cost: £20:00 per attendee

This event is limited to 12 delegates so members are advised to book as soon as possible in order to secure their place. To reserve your spot at the event, please email: robin.giles.cii@googlemail.com with your name and CII pin number. We look forward to seeing you at the workshop.