UK and Spanish Insurance Acts: A Comparative Review Seminar at Lloyd’s
Date: 4 October 2016
Venue: Lloyd’s building, PR3, Gallery 11
13:30 – 14:00 Registration and coffee
14:00 – 16:00 Session
The 2015 UK Insurance Act entered into force on 12th August and introduced what the UK Government described as “the biggest reform to insurance contract law in more than a century”. A significant amount of work has been required from the insurance industry to understand, adapt and develop new processes and wordings.
In comparison, the Spanish Insurance Contract Act was enacted in 1980 and, since then, has undergone several amendments, the latest in January 2016 when the Spanish LOSSEAR – the law implementing Solvency II – came into force.
The purpose of the session is to review how the UK and the Spanish Insurance Acts differ in dealing with key topics such as the duty of disclosure and the risk questionnaire; the concept, scope and effects of warranties and other contractual conditions; transparency requirements; fraudulent claims and remedies and damage for late payments, among others.
Bernardo Ruiz Lima, Celso de Azevedo and Ernesto Rivera, are the panel of expert lawyers from Thomas Cooper LLP in London and Madrid who will explain each topic from a legal and practical point of view.
If you would like to attend, please email Esther.Pozuelo@lloyds.com or ring +34 91 426 23 12 / +44 (0) 20 7327 7901 For more information about Lloyd’s in Spain please visit Lloyd’s Iberia. Please note that space is limited and confirmations will be accepted on a “first come, first serve” basis.