Written by Adrian Bingham
The Insurance Act 2015 revamps outdated and unsatisfactory legislation.
The Insurance Act 2015, enacted in February and expected to come into force on 12 August 2016, effects some fundamental changes to the commercial insurance regime. It will supersede legislation that has been in force since 1906, and which had become widely regarded as out of step with modern business.
The new legislation has received a fair degree of attention from insurers and insurance law practitioners, but probably less so from others. The intent of this article is to summarise certain key aspects of the 2015 act, as relevant to the legal sector…
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