For business policyholders, the Insurance Act will cover what information should be provided to insurers, who should do this and how it should be done. It specifies what should happen if a ‘fair presentation' is not made. Warranties and fraud are also covered. The legal changes have been discussed elsewhere - but what are the practical consequences?
In this one page article, David Hertzell explains the significant changes on the horizon when the Insurance Act comes into force.