Bill Hanbury comments on The Insurance Act 2015

June 10, 2016

By Bill Hanbury

The Insurance Act 2015 comes into force on 12 August 2016. Bill Hanbury, Barrister at Exchange Chambers, writes that along with the consumer insurance reforms that came into effect in 2013, it represents the most significant change to insurance contract law in this country for over 100 years.

The Act will:

  •  Impose a duty to inquire on the insurer rather than on the insured;
  • Introduce remedies for non-disclosure rather than merely allowing the insurer to avoid the policy;
  • Allow an insured, who discovers a breach of warranty, to merely suspend his policy pending full investigation;
  • In some cases the insured will have a defence where he discovers such a breach on the basis that it would not have increased the risk.

Bill is an accomplished barrister with more than thirty years of experience. He practises in most areas of commercial dispute resolution with an emphasis on property law including landlord and tenant (commercial and residential), conveyancing, trusts of land disputes, Inheritance Act claims and disputes over partnership property including professional negligence claims arising out of these practice areas.

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