Disclosure encounters of a different kind
Tentative proposals fo reforming non-disclosure and misrepresentation could mean a simplification of position for brokers
In September, the Law Commission published its first Issues Paper, setting out tentative proposals for reforming non-disclosure and misrepresentation, as part of a major overhaul of insurance contract law. Driving the reform is the desire to give policyholders a fairer deal.
The headline proposal is to replace the duty of disclosure, at least for consumers, with a requirement for insurers to ask specific questions. Consumers would, therefore, only need to answer accurately the questions they are
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