Has been held to mean ‘with all reasonable speed considering the circumstances of the case’ (Re Coleman’s Depositories Ltd and Life and Health Assurance Association (1907). In Farrell v. Federated Employers Insurance Association Ltd (1970) a writ served on 7 January 1966 was not given to the insurer until 3 March 1966. Lord Denning MR said that ‘with all reasonable speed would mean by the end of January at the latest’. Insurers often require notification of a claim immediately and, under liability policies, require the insured to forward every writ, notice, letter or other document served on him immediately on receipt.
Insurance Encyclopedia
Immigrant
See: alien.
Immobiliser clause
Goods in transit clause requiring vehicles to be fitted with an approved anti-theft device that is put into effective operation when the vehicle is left unattended. The particular wording of the clause is important. See ALARM SYSTEM IN OPERATION.
Immunization
The invest of assets in such a way that the insurer’s existing business is immune to a general change of interest rates in the future.
Immunosuppressive drugs
Transplant drugs used to reduce the risk of rejecting the new kidney after transplant. Transplant patients need to take these drugs for the rest of their lives.
Immunosuppressive therapy
Treatment by administering an agent that significantly interferes with the ability of the body’s immune system to respond to antigenic stimulation by inhibiting cellular and humoral immunity such as preparing someone for a bone marrow transplant or to prevent rejection of donor tissue.