Download or read book Information Disclosure written by Julie-Anne Tarr and published by iUniverse. This book was released on 2001 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insurance contract is one of the most significant documents an average consumer signs in the course of his or her adult life. It defines the scope and measure of protection available to the policy holder should the risk eventuate. Insurers similarly view the information supplied during contract negotiations as critical. As it provides a basis for assessing the risk inherent in issuing the policy, failure to disclose information fully and accurately can skew calculation of the risk level inherent in the deal and of the appropriate premium payable. For this reason, insurance contracts have traditionally been treated as a special category of business dealing. Unlike standard contracts based on caveat emptor, – let buyers beware – insurance contracts bind both insurers and consumers to a higher duty of honesty and good faith in their dealings with each other. Failure to fully disclose information that may affect an insurer’s calculation of risk in taking on the contract can potentially, therefore, result in the valid rejection of a policy holder’s claim.Given the potentially devastating consequences claim denial carries for policy holders, this book outlines the current legal regulatory framework governing this area and assesses its capacity to provide a just and efficient set of standards for the exchange of this information in the pre-contracting stage.
Download or read book Disclosure and Concealment in Consumer Insurance Contracts written by Julie-Ann Tarr and published by Routledge. This book was released on 2013-03-04 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth examination of the theoretical,legal, social and economic foundations to disclosure and concealment of information in relation to the formation of consumer insurance contracts. A comparative treatment of this issue is undertaken with particular attention given to the judicial and legislative approaches adopted in the United Kingdom, the United States of America, Australia and New Zealand. It will be relevant to those researching and studying insurance law, all legal practitioners involved with the formation of consumer insurance contracts and non-legal practitioners working within the field of insurance.
Download or read book Transparency in Insurance Contract Law written by Pierpaolo Marano and published by Springer Nature. This book was released on 2020-03-11 with total page 714 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Volume of the AIDA Europe Research Series on Insurance Law and Regulation focuses on transparency as the guiding principle of modern insurance law. It consists of chapters written by leaders in the respective field, who address transparency in a range of civil and common law jurisdictions, along with overview chapters. Each chapter reviews the transparency principles applicable in the jurisdiction discussed. Whether expressly or impliedly, all jurisdictions recognize a duty on the part of the insured to make a fair presentation of the risk when submitting a proposal for cover to the insurers, although there is little consensus on the scope of that duty. Disputed matters in this regard include: whether it is satisfied by honest answers to express questions, or whether there is a spontaneous duty of disclosure; whether facts relating to the insured’s character, as opposed to the nature of the risk itself, are to be presented to the insurers; the role of insurance intermediaries in the placement process; and the remedy for breach of duty. Transparency is, however, a much wider concept. Potential policyholders are in principle entitled to be made aware of the key terms of coverage and to be warned of hidden traps (such as conditions precedent, average clauses and excess provisions), but there are a range of different approaches. Some jurisdictions have adopted a “soft law” approach, using codes of practice for pre-contract disclosure, while other jurisdictions employ the rather nebulous duty of (utmost) good faith. Leaving aside placement, transparency is also demanded after the policy has been incepted. The insured is required to be transparent during the claims process. There is less consistency in national legislation regarding the implementation of transparency by insurers in the context of handling claims.
Download or read book The Global Insurance Market and Change written by Anthony A Tarr and published by Taylor & Francis. This book was released on 2023-10-18 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the global landscape in which insurance is transacted, and where it is evolving, driven from within by transformative technologies and externally by the necessity to address risks like climate change and health crises, such as the COVID-19 pandemic. It discusses the dynamic challenges and opportunities that lie ahead for the industry in areas such as on-demand insurance, embedded insurance, parametric insurance, autonomous vehicles, the rise of fintech, the cyber risk landscape and through initiatives driven by distributed ledger technology or blockchain solutions. Moreover, it covers the major external challenges confronting the global insurance market, such as the growing insurance protection gap in relation to the affordability and insurability of natural catastrophes and climate change, and pandemics like COVID-19. This book examines innovations in insurance driven by the industry as well as externally imposed changes and dynamics impacting the industry. It describes these changes, the industry’s responses and the legal framework in which they occur. It canvasses additional regulatory and law reform initiatives that may be necessary to achieve an effective balance between the various competing interests. The book is the first to address these matters holistically with a particular focus upon insurance law, it will describe these changes and industry responses and the legal framework in which they occur. The Global Insurance Market will be directly relevant to legal professionals, insurers, insurtechs, fintechs, brokers, CEOs of insurance companies, risk managers, legal counsel, academics, researchers, the judiciary, and policy makers. It will also serve as a valuable resource for students of all levels.
Download or read book Data Profiling and Insurance Law written by Brendan McGurk KC and published by Bloomsbury Publishing. This book was released on 2019-03-21 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: The winner of the 2020 British Insurance Law Association Book Prize, this timely, expertly written book looks at the legal impact that the use of 'Big Data' will have on the provision – and substantive law – of insurance. Insurance companies are set to become some of the biggest consumers of big data which will enable them to profile prospective individual insureds at an increasingly granular level. More particularly, the book explores how: (i) insurers gain access to information relevant to assessing risk and/or the pricing of premiums; (ii) the impact which that increased information will have on substantive insurance law (and in particular duties of good faith disclosure and fair presentation of risk); and (iii) the impact that insurers' new knowledge may have on individual and group access to insurance. This raises several consequential legal questions: (i) To what extent is the use of big data analytics to profile risk compatible (at least in the EU) with the General Data Protection Regulation? (ii) Does insurers' ability to parse vast quantities of individual data about insureds invert the information asymmetry that has historically existed between insured and insurer such as to breathe life into insurers' duty of good faith disclosure? And (iii) by what means might legal challenges be brought against insurers both in relation to the use of big data and the consequences it may have on access to cover? Written by a leading expert in the field, this book will both stimulate further debate and operate as a reference text for academics and practitioners who are faced with emerging legal problems arising from the increasing opportunities that big data offers to the insurance industry.
Download or read book Texas Insurance Code written by Texas Legislature and published by Independently Published. This book was released on 2018-08-08 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Takaful Islamic Insurance written by Simon Archer and published by John Wiley & Sons. This book was released on 2011-12-30 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Authors Rifaat, Archer and Volker bring an international perspective to the growing Islamic Insurance industry. Drawing on contributions from leading experts around the world, they present a comprehensive view of the very issues governing the industry and its future direction. As top financial institutes around the world seem to enter the lucrative Takaful markets, this timely book offers crucial background information and advice, invaluable for any serious player in the market.
Download or read book Medical Records Confidentiality in the Modern Delivery of Health Care written by United States. Congress. House. Committee on Commerce. Subcommittee on Health and the Environment and published by . This book was released on 1999 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Consumer Insurance Disclosure and Representations Bill HL written by Great Britain: Parliament: Special Public Bill Committee and published by The Stationery Office. This book was released on 2011-12 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer Insurance (Disclosure and Representations) Bill [HL]
Download or read book Law Made Simple written by David Barker and published by Routledge. This book was released on 2014-04-03 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you studying for an A-Level in Law? Are you thinking about reading Law or a related subject at university? Or maybe you already have a place at Law School? If you answered ‘yes’ to any of the above or if you have a general interest in how the Law works, Law Made Simple is the perfect introduction to this huge and complex subject. Covering all the foundation subjects, Contract, Torts, Land, Trusts, Criminal, Public and EU Law as well as an introduction to the personnel and mechanisms that make up the English Legal System, Law Made Simple will offer you a clear and concise introduction to both the legislation and case law relating to all the major topics. This 13th edition now includes a brand new chapter on Public Law and Human Rights, a completely revised and updated chapter on Sources of Law and has been fully updated to take into account developments across the curriculum such as the ratification of the Lisbon Treaty; the Supreme Court and the Ministry of Justice; the Legal Services Act 2007; and the Fixed Term Parliaments Act 2011.
Download or read book People s Republic of China written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-04-05 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a detailed assessment report on the observance of China’s compliance with the International Association of Insurance Supervisor's insurance core principles. The China Insurance Regulatory Commission employs a rules-based framework and has achieved a high level of regulatory compliance from supervised companies. The market demand for skilled resources continues to increase and must be satisfied if the projected rate of development is to be sustained; compromises on the suitability of personnel should be avoided at all costs.
Download or read book Personal Financial Planning written by Joyce Nga and published by Sunway University Press. This book was released on 2023-03-21 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive guide on personal financial planning tailored for the Malaysia context, covering a wide range of relevant topics including consumer credit management, tax planning, bonds and shares, unit trust, real estate, insurance, estate planning, and an overview of Islamic wealth management. Whether you are an undergraduate student, aspiring or experienced financial planner, or just an average Malaysian looking for help to plan your finances, this holistic manual will have all your personal financial planning needs covered.
Download or read book H R 4585 The Medical Financial Privacy Protection Act written by United States. Congress. House. Committee on Banking and Financial Services and published by . This book was released on 2000 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fifty Years of the Law Commissions written by Matthew Dyson and published by Bloomsbury Publishing. This book was released on 2016-11-03 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together past and present law commissioners, judges, practitioners, academics and law reformers to analyse the past, present and future of the Law Commissions in the United Kingdom and beyond. Its internationally recognised authors bring a wealth of experience and insight into how and why law reform does and should take place, covering statutory and non-statutory reform from national and international perspectives. The chapters of the book developed from papers given at a conference to mark the fiftieth anniversary of the Law Commissions Act 1965.
Download or read book International Trade and Business Law Annual written by and published by . This book was released on 2001 with total page 1054 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Germany written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-09-02 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insurance regulation and supervision is of a high standard, and most of the enhancements suggested have been put in place. Further enhancements will be required, in the context of the forthcoming introduction of Solvency II requirements, in such areas as the frequency of onsite inspections, the enhancement of resources, and stability analysis. The government acknowledges the need to continue to develop supervisory capacity. Most of the requirements and supervisory tools, which are in use for the supervision of primary insurers, are also applied to the reinsurers.
Download or read book Blackstone s Statutes on Commercial and Consumer Law 2016 2017 written by Francis Rose and published by Oxford University Press. This book was released on 2016 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market-leading and first choice for students and lecturers, Blackstone's Statutes have an unrivalled tradition of trust and quality. With a rock-solid reputation for accuracy, reliability, and authority, Blackstone's Statutes provide a careful selection of all the up-to-date legislation students need for exams and course use.
