UKGI exposes liability claims fears

Risk magnifying glass

A poll of clients by the compliance consultancy found that over three quarters (77%) of respondents feared that the Act would result in increased liability for brokers acting on behalf of either the client or the insurer if incorrect underwriting information was submitted, resulting in the repudiation of a claim.

The Consumer Insurance (Disclosure and Representations) Act, which came into force on 6 April, replaced the consumer's duty to disclose material facts with a duty to ‘take reasonable

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: