Podcast Location:
Download it here [file size: 27 MB]
Categories:
Corporate & Commercial Law
Insurance Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast gives the listener an overview of the scope of the Law Commission's review of insurance contract law. It looks at the topics the review was broken down into, with a focus on the recommendations made by the commission to pre-contract disclosure, misrepresentation, good faith and late payment. The podcast also briefly looks at the UK system in comparison to other systems.

Outcomes:
After completing the course you will:
  • Appreciate the scope of the Law Commission's review of insurance contract law;
  • Be aware of the different areas that the review covers;
  • Understand the current rules with regard to pre-contract disclosure;
  • Know the rules regarding misrepresentation in an insurance contract;
  • Understand how the good faith principle works in insurance law;
  • Appreciate the way late payment is dealt with in an insurance contract;
  • Be aware of the areas that the Law Commission have identified for reform;
  • Understand the reasons behind the proposed reforms.
Level:
Specialist Difficulty: 5 of 5
Classification:
Introduction
Market Update / Hot Topic
Sources and References:
  • Marine Insurance Act 1906;
  • Sprung v Royal. Insurance (UK) Ltd [1999] 1 Lloyd's Rep. 111;
  • La Banque Financiere de la Cite v. Westgate [1988] 2 Lloyd's Rep. 513.
Tags:

In this podcast, David Hertzell, Law Commissioner for commercial and common law, gives an overview of the Commission's review of Insurance Contract Law. This podcast discusses the issues identified in the review and the Commissions proposals for reform.

Podcast last reviewed: 2011-05-27

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