The Consumer Insurance Act (SearchBite) - Searchlight Insurance Training

The Consumer Insurance Act (SearchBite)

This legislation is the biggest change in the complex rules surrounding disclosure for over 100 years and fundamentally alters the way in which material facts are obtained.

This intensive 2 hour SearchBite provides a detailed understanding of the legislation – aimed at all those involved in consumer insurance policies wanting to gain a better appreciation of what the Act involves.

Level: Intermediate

Duration: 0.2 day(s) CII CPD Hours: 2

Key programme elements

•Background to the Act -Why the previous rules were confusing and penalties harsh for non-disclosure


•Review of the new Act:
•What is a consumer contract?
•What are consumers required to disclose?


•What is meant by reasonable care


•Examples of what might be a reasonable misrepresentation


•Qualifying misrepresentations:
•What they are?
•Remedies available to insurers


•Status of agents – why this matters

By the end of this SearchBite, participants will be able to

  • Define a consumer insurance contract


  • Discuss what is meant by ‘reasonable care’


  • Distinguish between the different types of misrepresentation


  • Explain what is meant by a Qualifying misrepresentation


  • Discuss the remedies available to insurers in the event of Qualifying misrepresentations


  • Recognise the status of agents


  • Explain the importance of the status of Agents