Insurance Act 2015 Reforms
Posted on: 19 February 2015
Following the Law Commission and Scottish Law Commission joint review to reform insurance contract law, the Insurance Act 2015 received royal assent on Thursday 12 February 2015.
The Act introduces changes to warranties, insurers' remedies for fraudulent claims and duty of disclosure in commercial insurance contracts.
Allianz fully embraces the Act and we have produced a guidance document detailing how we will implement the changes with immediate effect, and what this will mean for you and your customers.
We have also detailed what we will doing with regards to: