South Africa:
Insurance Inforgraphic
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Insurance Act 2017 | conversion of licences
Our insurance clients are hard at work on their conversion
applications and at various points of the process. ENSafrica's
insurance team are standing by to support where necessary, whether
by unpacking detail of the requirements, assisting to restructure
for the transition or interpreting the new requirements. For any
advice or assistance please contact any of our insurance
experts.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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The Duty Of Disclosure - Part 1 of 2
Petra for Law and Intellectual Property (PLIP)
It is a fundamental principle of insurance law that the utmost good faith must be observed by each party. This rule was stated clearly by Lord Mansfield since 1766, when he said1that: "Insurance is a contract upon speculation..."
The Duty Of Disclosure - Part 2 of 2
Petra for Law and Intellectual Property (PLIP)
Despite the onerous nature of the duty of disclosure upon the insured, the situation is ameliorated somewhat by some seven categories of facts which need not be disclosed to the insurer.
