On 17 July 2014, the English and Scottish Law Commissions introduced the Insurance Bill to the UK Parliament. The Law Commissions also published their second report on insurance contract law which recommends the reform of disclosure in business insurance, insurance warranties, insurers' remedies for fraudulent claims and damages for late payment of claims. The majority of the recommendations have been accepted and are contained in the Insurance Bill. The Commissions' recommendations relating to late payment and the provision concerning warranties and other terms relevant to particular descriptions of loss (and which were subject to public consultation in June 2014) were not included in the draft Bill. The Commissions will work with industry participants to redraft the excluded clauses, with the aim that they can be enacted when a legislative opportunity arises.