Brokers ‘in the dark’ regarding Insurance Act, says law firm
Research finds that more guidance is needed ahead of August 2016 implementation.
Over two thirds of brokers feel that insurers have not provided enough guidance around the upcoming Insurance Act, according to the Q1 Broker Pulse.
The research was conducted among 60 brokers by insurance and risk law specialist, BLM.
Some 70% of respondents felt that underwriters had not provided them with enough information around the Act to enable them to assist customers with guidance on the duty of fair presentation and the issues around the knowledge of the insured, including the brokers
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