IIB slams Law Commission consultation
In its response to the Law Commission, the Institute of Insurance Brokers (IIB) stated that it does not believe any amendments to insurance law should attempt to confer different rights to private and business policyholders (or any combination of the two, such as work from home) saying, a law for one, and a different law for the other, would be inconsistent and lead to serious operational and application complications.
The IIB stated that it believes that policyholders generally (except reinsurance cedents, who are underwriters themselves) should not be expected to understand all the factors which might influence a prudent underwriter’s assessment of a risk, and that the strict application of the law as it stands can, on occasions, result in ‘rough justice’.
In contrast, the IIB also stated that it does not think it is practically possible for an insurer to ask every possible material question relating to a
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