The Insurance Act 2015
Posted by: Titlesolv
The Insurance Act 2015 came into force on the 12th of August. This Act together with the consumer insurance reforms that came into effect in 2013 have provided the greatest change to insurance contract law for over 100 years. The Insurance Act 2015 amends some key sections of the Marine Insurance Act 1906, which were regarded as not reflecting good insurance practice and is considered to be broadly neutral between insurer and insured.
The Insurance Act: reflections on consolidation
Posted by: Titlesolv
The Insurance Act 2015, when it comes into force in August 2016, will bring the principles on disclosure, warranties and fraud for commercial insurance in line with those already introduced for consumer insurance by the Consumer Insurance (Disclosure and Representations) Act 2012.
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