Broker focus - Premium liability: That boat has sailed
With the publication of Issues Paper Eight in July, the Law Commission set about addressing an anomaly that applies to marine insurance, which makes brokers responsible for paying their clients' premiums to underwriters. Rachel Gordon explains why it could be time for change.
After more than 100 years, it finally looks as though an odd piece of legislation in force throughout England, Wales and Scotland will be given the boot. Section 53 of the Marine Insurance Act 1906
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