Insurance Act - Lunchtime Seminar
FREE LUNCHTIME SEMINAR 19th May 2016 The Insurance Act - Implications on the market
Learning Objective: Outline the changes to the statutory framework Identify potential problem areas, with particular reference to policy drafting Discuss the remedies available to insurers in the event of non-disclosure Receive practical guidance on how to operate within the new statutory framework Describe practical considerations at policy renewal, with particular reference to insurance brokers Be aware of the possibility of further insurance reforms
The Southampton Insurance Institute welcomes Michael Howard. Michael is a Fellow of the Chartered Insurance Institute and qualified as a solicitor in 2002 having worked for various insurance brokers in London and Hong Kong. He specialises in insurance coverage disputes, policy wording drafting and defending professionals. The talk will introduce a number of significant reforms. It was designed following extensive consultation and is intended to update the statutory framework to bring insurance legislation up to current best practice.
The changes that will be imposed under the act are likely to affect anyone involved in the insurance market. The changes are wide ranging and relate to the disclosure of material facts, the remedies available for non-disclosure, policy terms and warranties, and fraudulent claims. The act comes into force on 12 August 2016 which gives the insurance market 18 months to prepare and adjust for its implementation. That may seem some time away, but in reality, it is only one renewal for the majority of insurances.
Please book ASAP in order to secure your place! Book NOW via our Assistant Programme Secretary, Alyson Farmer Email Alyson_Farmer@penunderwriting.com to reserve your FREE place!
The meeting will be held at The Ageas Suite, The Ageas Bowl, West End, Southampton, SO30 3XH on the 19th May 2016, 12:15 - 13.45.
A free buffet lunch will be provided, please advise when booking if lunch is not required. If you need us to accommodate any specific requirements please advise when booking in order that we can make the necessary arrangements.
Remember, all of our meetings are FREE and open to all who work in the industry, not just members of the CII. Guests are very welcome.
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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.