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Insurance Act 2015

11 Jan 2023 United Kingdom 1 min read

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The Insurance Act made key changes to the duty of fair presentation for commercial insurance contracts, warranties, and remedies for fraudulent claims. 

These measures apply to insurance and reinsurance contracts made after 12 August 2016.

In addition, section 13A imposes a duty on insurers to pay claims within a reasonable time. That section of the Act came into force on 4 May 2017.

Fair Presentation

Policy Terms

Fraudulent Claims

Late Payment of Claims

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