Insurance Post

Consumer Insurance Bill hits the Lords next week

The promised Consumer Insurance Bill that will reform disclosure and contract law for personal lines insurance will take its next important legislative step in the Lords next week when the Commercial Secretary to the Treasury, Lord Sassoon, proposes its committee stage scrutiny begins.

This is another significant milestone in a 25 year campaign by insurance law experts to modernise our insurance contract law, creating a better balance between consumers and insurers. It has been vigorously promoted by the Law Commission and has support right across the insurance industry following the final recommendations from the Commission and its Scottish counterpart for reform back in December 2009. The new government's silence on the issue was broken earlier this month and next week's short debate will be the start of what many will hope is an smooth and relatively quick Parliamentary passage.

At this stage, it is hard to see where any opposition could come from - hopefully, it stays that way.

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