Consumer Insurance (Disclosure and Representations) Act 2012 (UK)

The Consumer Insurance (Disclosure and Representations) Act 2012 is UK legislation that manages how consumers disclose information when buying insurance. It requires consumers to be honest and disclose important facts when applying for insurance, and it clarifies their responsibilities if their information changes. The Act also sets out how insurers should evaluate claims, emphasizing honesty and transparency. If consumers fail to provide full or accurate information, insurers may not have to pay out claims or might invalidate the policy. Overall, it aims to make the process fairer and more straightforward for both consumers and insurers.