Business, Legal & Accounting Glossary
Certain classes of person are required by statute to take out a policy of insurance in respect of the liabilities to others. These include motorists (Road Traffic Act (1988)), and employers (Employers’ Liability (Compulsory Insurance) Act (1969)). There are currently plans to impose compulsory insurance on doctors and dentists, and providers of pension schemes.
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This glossary post was last updated: 5th April, 2020 | 1 Views.