PRA offers modifications by consent and updates existing ones relating to insurance business
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Practice notes
An introduction to Lloyd’s of LondonWhat is the Lloyd’s market?The Lloyd’s market is an insurance market, whose origins date back to the seventeenth...
Produced in partnership with The Society of Lloyd's Legal Team
1st Mar
Practice notes
Insurance agents and brokersWhat is the difference between an agent and a broker?Where insurance is transacted through an intermediary, that...
Produced in partnership with Ruth Hosking of Quadrant Chambers
2nd Mar
Practice notes
Professional indemnity insurance—essentialsWhat is professional indemnity insurance?Professional indemnity insurance is a form of liability insurance....
2nd Mar
Practice notes
General principles of insurance contract lawWhat is insurance law?Insurance law can be split into three parts:•insurance contract law which governs...
2nd Mar
In-house
Practice notes
Exclusion clauses in insurance contractsWhat are exclusion clausesUnlike some exclusion or exemption clauses in ordinary contracts, an exclusion...
Produced in partnership with Susie Wakefield of Shoosmiths
2nd Mar
Practice notes
Insurance premiumAn insurance premium is the sum paid for insurance or reinsurance cover and is the consideration paid by the (re)insured for the...
2nd Mar
Practice notes
Marine insurance—general principlesThis Practice Note describes the main principles of marine insurance as governed by the Marine Insurance Act 1906....
2nd Mar
Practice notes
What is a contract of insurance?This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an...
Produced in partnership with RPC
2nd Mar
Practice notes
Sanctions clauses and the effect of sanctions on insurance policiesThe Practice Note entitled EU/UK financial and trade sanctions for insurers...
2nd Mar
Practice notes
Product liability and product recall insuranceWhat is product liability insurance?Product liability insurance provides an indemnity to a business in...
2nd Mar
Practice notes
Trade credit insuranceTrade credit insurance typically provides protection to a policyholder against non-payment of accounts receivable, due to the...
Produced in partnership with Michael Morris of Clyde & Co LLP
2nd Mar
Practice notes
Reinsurance—essentialsThe parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract are the...
1st Mar
Practice notes
ICOBS Insurance: Conduct of Business Sourcebook—application, general matters, distance communications, information about the firm and product...
2nd Mar
Precedents
Terms of Business Agreement (TOBA)—insurer and managing agent/brokerAn Agreement dated [date] governing the conduct of Insurance Business...
Produced in partnership with Davinia Collins of Womble Bond Dickinson (UK) LLP
1st Mar
Q&As
What is meant by an 'indemnity to principals' provision and an 'additional insured' provision? What are the practical differences in protection each...
2nd Mar
Q&As
What is aviation and transport insurance?Aviation and transport insurance provides financial cover specific to aircraft and transport operations, and...
Produced in partnership with Hannah Laithwaite of Lamb Chambers
2nd Mar
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