Question on pre-existing illness

Hi Professor Manning, How does Section 47 [of the Insurance Contracts Act] operate to protect a claimant when symptoms were present in a period 10 years before the Policy but the condition that is now the subject of the claim was never diagnosed? The specialist involved in fact observed the symptoms 10 years prior to the Policy and chose not to make a diagnosis at […]

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Guest post on Life Insurance

The following is an article that was first posted on a US site http://www.4nannies.com/blog/life-insurance-options-for-nannies/ by Rachael. Rachael has seen my work and asked if I would like to include her article as a guest blog on this site. As the advice is sound, I am happy to do so. Where you read nanny, I think you can read “people”. =============================================================== “Whether they simply put off […]

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The price of gender equality

One of the LMI Sydney team, Revell Weightman, head of LMI Forensic Accounting, alerted me to an article posted in the UK by the Sable Group about changes to the pricing of life and some classes of general insurance in the United Kingdom and Europe due to the insurance industry losing its ability to opt out of the 2004 European Union Gender Directive. As most of us know, the insurance […]

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Life Insurance Commissions & Underinsurance

It is rare for me to offer comment on life insurance. The issue of under insurance however effects all forms of insurance and as a long term advocate for educating the insuring public on the false economy of this, I offer the following. The vast majority of people in Australia do not have enough life insurance to cover 1 years expenses for their family. It […]

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