Second Law Commission consultation on Insurance Contracts Bill — May 2014
The Law Commission and the Scottish Law Commission (together, ‘the Law Commission’) have conducted another limited consultation regarding draft clauses from their proposed Insurance Contracts Bill (‘the Insurance Bill’). The latest draft clauses cover the important issues of insurance warranties and contracting out, as well as insurers’ remedies for fraudulent claims by members of group insurance.
Below is a brief overview of the key clauses that were subject to the latest consultation:
Previous consultations demonstrated a general consensus that the law regarding warranties ought to be reformed, although there was initially some disagreement as to how this should be done. The Insurance Bill implements the Law Commission’s latest proposals, as follows…
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