The Enterprise Act
This legislation follows the biggest change in insurance law for over one hundred years and fundamentally altered the law on placements and wordings, The Insurance Act 2015 The briefing provides an overview of provisions of the Enterprise Act 2016,which came into effect 4th May 2017 and provides a potential right to claim damages in the event of late payment of claims.
By the end of the briefing attendees delegates will be able to:
State the main features of the Act and explain the importance of these with regard to prompt claims settlement
Identify which types of insurance this applies to Review of the Enterprise Act 2016
REVIEW OF THE ENTERPRISE ACT 2016
Consider the effects of the implied term of every contract of insurance concerning claims settlement:
Defences to Act
What is meant by ‘reasonable time’ in providing a claims settlement and
Examples of matters which may need to be taken into account
The effect of contracting out
Time limitations on actions brought
CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's 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.