This half day workshop is designed for staff and executives of insurers and brokers who wish to gain a better appreciation of how this legislation has changed insurance practice and wordings, and what still needs to be done.
This legislation was the biggest change in insurance law for over one hundred years and fundamentally altered the law on placements and wordings. After the first few months of implementation the issues from the practical application of the act are emerging. Insurers and brokers have reviewed their processes, policy wordings have been amended, clients have grappled with the need to improve information gathering processes – but what has actually changed?
This workshop provides an overview of the changes introduced by the Act, how business processes and policy wordings changed and how compliance with the Act has worked in practice.
