The Insurance Act session 3
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 strictly limited to 12 delegates to ensure maximum participation and learning. Each delegate will have 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, and why -
Insureds' “senior management” and other responsible persons
the need to search for relevant information
and uncover “blind-eye” knowledge….
how to encourage and help clients to comply with the Act…
Underwriters 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.
The effects on surveys and policy wordings,
Insurers' four new remedies for unfair presentations,
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 changes that affect us all in the Enterprise Bill 2015, in respect of damages for late payment of claims.
**Limited Spaces Available**
Book your place by 1pm on Monday 4th January 2016
Buffet Lunch Provided - 'Subsidised by your Institute'
£10 - For Members
£15 - for Non - Members
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
3 hours' CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.