The Consumer Insurance (Disclosure and Representations) Bill, introduced into Parliament last week...
The Consumer Insurance (Disclosure and Representations) Bill, introduced into Parliament last week, clarifies what insurers are required to tell consumers when they take out a policy.
Law Commissioner David Hertzell says: “This is the first time that consumer groups and the insurance industry have reached a consensus on the issue of pre-contract disclosure.”
Under the Bill insurers must ask for any information they need to assess risk, and consumers must answer honestly and accurately.
