Global Insurance Industry
10/28/2009 2:08:24 PM EST
UK: Law Commission Update on Insurance Contract Law Reform Project
In its latest update published 14 October, the Law Commission has confirmed that it intends to publish a final report and draft Bill focused on the reform of consumer insurance law in December 2009.
A summary of responses with respect to its Issues Paper on microbusinesses will be published in November 2009. In this Paper, the Commission invited views upon whether the smallest businesses should be treated like consumers for the purposes of pre-contractual information and unfair terms.
The Commission has also announced they are planning a programme of future work for early 2010 which includes:
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an Issues Paper on damages for late payment
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an Issues Paper on the insured's post-contractual duty of good faith
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a Policy Statement on non-disclosure, misrepresentation and warranties in business insurance.
Edwards Angell Palmer & Dodge Partner, Helen Clark, attended a discussion led by David Hertzell, the Commissioner in charge of this project, on 16 October 2009 and will report again shortly.
© Copyright 2009 by Edwards Angell Palmer and Dodge LLP. All rights reserved. Reprinted with permission. This blog originally appeared on the InsureReinsure Blog. The InsureReinsure Blog is one of the Insurance Law Center’s Top 50 Insurance Blogs for 2009. The Top 50 Insurance Blogs may be found here. Create an account or login to post comments.