Legal experts discuss Select Committee’s endorsement of the Contracts of Insurance Bill

Emma Moran and Rachel Taylor from DLA Piper have commentated on what the changes the Select Committee endorsed to the Contracts of Insurance Bill. Moran said

“The Committee’s [Finance and Expenditure Committee’s] report on the Bill is good news for brokers because it recognises the often complex role that brokers play.”

Moran highlights that the report on the bill recognises that brokers can have tricky competing duties to their clients and insurers; that it upholds liability caps agreed between insurers and brokers; and allows insurers and brokers to retain existing agreed periods for payment of premiums.  

Dentons also has a review of the Contracts of Insurance Bill.

Read more about the proposal to create some regulation of the use of genetic tests in underwriting here.

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