The Insurance Act 2015 (UK)

The Insurance Act 2015 modernizes UK insurance law by clarifying the responsibilities of both insurers and policyholders. It emphasizes transparency, requiring insurers to clearly communicate policy terms and not deny claims unfairly. The Act introduces a duty of fair presentation, meaning policyholders must disclose relevant information and avoid misrepresentations. It also standardizes the handling of claims and dispute resolution. Overall, the Act aims to make insurance contracts fairer, more straightforward, and better aligned with modern practices, enhancing trust and accountability in the insurance industry.