Hiscox pledges to pay out in full on fair representation of risk cases under Insurance Act
Hiscox Insurance Company has made a pledge to pay claims in full to claimants that neither deliberately nor recklessly fail to make a fair representation of a risk under Insurance Act 2015.
The new Act, which becomes official today and replaces the Marine Insurance Act 1906, will see a new system of handling claims in which a policyholder has not properly disclosed a risk.
Instead of
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