Tuesday 30 August 2016
Posted by: Westcor International
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.