Consumer Insurance (Disclosure and Representation) Act 2012

The Consumer Insurance (Disclosure and Representation) Act 2012 updated UK insurance law, emphasizing fairness. It requires consumers to provide true and complete information when applying for insurance, and to disclose relevant facts they know or should know. If they fail to do so deliberately or carelessly, insurers may void the policy or reduce claims. For honest mistakes made in good faith, insurers cannot refuse to pay claims or avoid the policy. The law balances the duty of consumers to be honest with protections against unfair denial or underpayment, making insurance more straightforward and fair for consumers.