Recent changes include amendment of the minimum terms and conditions by the Solicitors Regulation Authority. Effective from 12 August, this brings law firms into line with additional duties imposed by the Insurance Act 2015. The former duty of disclosure has been replaced by a requirement to make a ‘fair presentation of the risk', by providing information the firm knows, or ought to know about, which would influence a prudent insurer in deciding whether to accept the risk and on what terms.&n
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