Insurers urged to address compliance issues ahead of incoming Act
DAC Beachcroft has warned insurers to prioritise a review of compliance details, after The Law Commission confirmed that the Consumer Insurance Act 2012 will come into effect on 6 April.
Central to the Act is the abolition of the duty on consumers to volunteer material facts when applying for, or renewing, an insurance policy.
Nick Young, a partner at the international law firm
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