A plain English overview of understanding an insurance policy wording
>> Event Overview
One of the learnings of the 2020 Bi and Covid-19 court battles is the fact that you ignore the construction of policy wordings at your peril.
All brokers, underwriters and claims staff should have a good grasp of the component parts of an insurance policy wording and this presentation will provide this understanding.
>> Learning Objectives
By the end of this session, you will know:
- How policy wordings are set up and what contract law takes into account in respect of the interpretation of wordings.
- How the law views insurance policy exclusions, conditions and warranties.
- How the Consumer Rights Act and Unfair Contract Terms Act respond in respect of exclusions, conditions and warranties.
- What is the difference between joint and composite insured and why an underwriter has to be careful covering the latter.
- How to use policy wordings to control exposure.
>> Speaker Biography
Alan Chandler is widely regarded as one of the most popular and respected insurance presenters in the world. He has taken thousands of people through to Acii qualification including many national prize winners, as well as delivering a vast array of technical presentations on Commercial and Personal lines insurances. Alan has raised the pass rates in Cii exams where he is involved from under 40% to 99% demonstrating why he is so well regarded.
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