Insurance Contract Law Bill

This is latest in a series of technical legislative measures with the broad remit of updating insurance statute law. Whilst the industry and, to an extent, commercial law have moved on, some of the statutory conditions date back over 100 years. Most of the Bill is derived from recommendations from the Law Commission and Scottish Law Commission and the Bill will be treated according to the accelerated procedures associated with Law Commission measures. The Bill includes provisions on disclosure; the treatment of fraudulent claims; requires insurers to act with ‘good faith’; limits the use of warranties in contracts and provides for the expansion of the groups of individuals or companies which can be affected by the existing third party rights against insurers provisions.