This paper is the first part of the work the Law Commissions of England and Scotland are undertaking in relation to a second consultation paper on insurance contract law reform. For life insurance the paper tentatively proposes to extend the categories of people able to insure others' lives. For indemnity insurance it points out the confused state of the current law and suggests that the concept of insurable interest may not be needed at all. For details of this paper, previous papers and progress with the project, see