The Law Commission: ‘Consumer Insurance (Disclosure and Representations) Project’ and Draft Bill
Insurance Bill to be introduced into Parliament
The Law Commission published a report on Consumer Insurance (Disclosure and Representations) in December 2009 setting out their recommendations to seek to ensure that consumers provide the right information to industry prior to taking out a policy. Essentially it places the onus on industry to ask the right questions.
The Commission also published a draft bill of which the Government has been supportive and are preparing a response. The Bill is likely to be introduced to Parliament in the early part of 2011.
Please find a link to the Law Commission project below: