The new Insurance Act 2015 will come into force on the 12th August 2016.

The Act is seeking to create a new and fairer balance between insured and insurer. The attached briefing aims to give you an overview of the key changes that will be introduced by the Act. This includes the impact on the following:

  • The existing duty of disclosure and move to a duty of ‘fair presentation’
  • Remedies available to insurers
  • Warranties
  • ‘Basis of contract’ clauses
  • Terms not relevant to the actual loss
  • Fraudulent claims
  • Please click here for the Tysers Client Briefing on the Act.