Regulatory Alerts2020-12-10
Added · Updated
Final Guidance: Business interruption insurance test case - proving the presence of coronavirus (Covid-19)
The Financial Conduct Authority issued this final guidance to resolve the business interruption insurance test case regarding the proof of coronavirus presence. It establishes the legal standards for demonstrating that Covid-19 cases occurred within a specified distance of an insured premises. This document provides definitive interpretations to assist insurers and policyholders in settling claims under the relevant insurance policies.
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