Law Commission consults on insurance clauses: The Law Commission is consulting on draft clauses for the Insurance Contract Law Draft Bill. The clauses relate to:
- fair presentation (disclosure and representations) in business insurance;
- damages for late payment of claims;
- insurers' remedies for fraudulent claims; and
- good faith.
The Law Commission says it is still working on clauses on warranties and contracting out for business insurance. It asks for high level comments on whether the draft wording meets the policy objectives it has previously consulted on. It asks for comments by 21 February 2014. (Source: Law Commission Consults on Insurance Clauses)