The Insurance Act is set to bring commercial insurance law into the 21st century, changing the law to reflect modern business relationships and to rebalance rights and remedies when things go wrong.
The Act, which will bring significant changes, will apply to policies incepted after 12 August 2016. BLM’s Time for Change team has compiled a comprehensive list of FAQs, providing you with more information on the intricacies of the Act. The questions deal with topics such as the commencement and scope of the Act, what it means for agents and brokers and contracting out of the Act. Users are able to filter through topics relating to the Act for more information on particular areas of interest.
The full list of questions can be found on the dedicated hub on the BLM website
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