The background and transition to the Insurance Act 2015
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Keywords
MIA 2015 ; Insurance Act 2015 ; MIA 1906Abstract
This diploma thesis aims to present and analyze the Insurance Act 1906 (ΜΙΑ 1906) and Insurance Act 2015 (ΜΙΑ 2015). The aim is to present the main changes that have occurred during the transition but also the possible impacts. In general, this change considered to be the most significant reform of English Insurance law since the Marine Insurance Act 1906. The main reason of this change was the in early 20th century, the 1906 Act's provision slowly but surely fell out of the line with the best practice in modern insurance market, failing to keep up with both legal and commercial developments in other jurisdictions.
Indeed, considering some of the radical changes that the Insurance Act 2015 introduced (including for example the treatment of warranty breaches), would be reasonable to say that those changes would cause a huge upsurge in coverage disputes, as insureds and insurers and insureds grappled with the legislation. However, this belief is contrary to reality since this change in generally brought a balance between parties.
Postgraduate Studies Programme
Shipping ManagementDepartment
Σχολή Ναυτιλίας και Βιομηχανίας. Τμήμα Ναυτιλιακών ΣπουδώνNumber of pages
55Language
EnglishCollections
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Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα