What you need to know about the Insurance Act 2015
Dear Supporting Broker,
12th August 2016 sees the implementation of the highly anticipated Insurance Act. Along with the consumer insurance reforms that came into effect in 2013, it represents the most significant change to insurance contract law in this country for over 100 years.
Insurance Act 2015
We have prepared a brief guide to the Insurance Act and how it will affect Brokers. Click here to read our guide.
To help Brokers with the data gathering and sales process in the light of these coming changes, we have prepared scripts as below:
Changes to our Terms of Business Agreement
It is the duty of the Broker/Intermediary to ensure that the client understands the implications of the non-disclosure of material facts and that such non-disclosure could jeopardise the validity of an insurance policy or payment of claims.
We have updated our Terms of Business Agreement to coincide with the implementation of the Insurance Act.
To download your new Terms of Business Agreement, please click here.
Please print the TOBA, complete the highlighted sections with your details, sign, date and scan a copy to firstname.lastname@example.org. Alternatively, please post it, retaining a copy for yourself, to;
P J Hayman & Company Ltd
We are here to help
Thank you for your continued support.
Broker Development Manager
P J Hayman & Co Ltd