Government introduces new Insurance Bill
Proposed legislation will tackle three main areas.
The government has introduced the Insurance Bill to Parliament, aimed at updating the 100 year-old rules governing contracts between businesses and insurers.
The bill is the product of recommendations made to the government by the Law Commission and the Scottish Law Commission following eight years of consultation with businesses and insurers.
HM Treasury informally consulted on the Bill in June 2014.
The reforms contained in the bill cover three main areas: disclosure and misrepresentation in
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