Insurance Act

The Insurance Act 2015 is a UK law that governs insurance contracts, aiming to make them fairer and more transparent. It requires insurers to provide clear information and sets obligations for both insurers and policyholders. The Act emphasizes "utmost good faith," meaning both parties must act honestly and disclose relevant information. It also addresses consumer rights, clarifying protections for policyholders and ensuring that claims are handled properly. Overall, the Act seeks to create a more equitable insurance market, balancing the interests of consumers with those of insurers.