Brokers unsettled over new UK insurance law proposals
A shake-up in insurance law could see brokers sued for damages by insurers. This is based on a propo...
A shake-up in insurance law could see brokers sued for damages by insurers. This is based on a proposal that looks to abolish an insurer's ability to avoid policies and deny claims based on non-disclosure of relevant information.
The legal status and impact of a broker's culpability is one of the proposals in a joint consultation paper from the English and Scottish Law Commissions looking into the statutory reform of insurance law in the UK.
The proposals also look to eliminate a consumer's duty
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