Originally broadcast on Tuesday, September 6, 2011 - 15:30

This webinar covers:

• What are the fundamental changes made by the new bill?
• Abolition of the duty of good faith for consumers
• New duties on insurer and consumer respectively: to ask clear questions and to answer them honestly and with reasonable care
• How will determinations be made after the event of whether inaccurate answers by the consumer were honest, negligent, reckless, or deliberate?
• Will consumers be adequately protected by the proposed rules against turning representations into warranties?
• Is the definition of “consumer” appropriate? Do small businesses need the same sort of protection?
• Do the proposed remedies for failure to answer questions honestly and with reasonable care provide adequate protection to the insurer?
• Will there be a knock-on effect for business insurance law?