Change in Insurance Law
Every year, thousands of people who sign up to insurance policies fail to get protected because the companies say they haven't given the right information.
One report for instance states that a woman who was diagnosed with breast cancer would not get cover for it from her insurance company because she didn't mention that she was once treated for depression. Another case mentions a man falling down some stairs but he wouldn't get paid out because of a back pain medication he never told them about.
This may all change. The Law Commission, the body which reforms the legal sector, has suggested to MPs and Peers that the law be altered. They ask that the obligations for consumers to tell all details to the company be changed as this can be too difficult, and they ask for a balance from both parties.
The Association of British Insurers (ABI) says that it supports the Law Commission in this and that the customers should know exactly what they must inform the companies of and know what their rights and obligations are.
Any laws that change will not be secluded to health insurance but all types, from car to home insurance as well as others.
View related information:
Insurance View for UK companies, brokers and news
Law and Legal for solicitors in England, Wales, Scotland and Northern Ireland
Change in Insurance Law
One report for instance states that a woman who was diagnosed with breast cancer would not get cover for it from her insurance company because she didn't mention that she was once treated for depression. Another case mentions a man falling down some stairs but he wouldn't get paid out because of a back pain medication he never told them about.
This may all change. The Law Commission, the body which reforms the legal sector, has suggested to MPs and Peers that the law be altered. They ask that the obligations for consumers to tell all details to the company be changed as this can be too difficult, and they ask for a balance from both parties.
The Association of British Insurers (ABI) says that it supports the Law Commission in this and that the customers should know exactly what they must inform the companies of and know what their rights and obligations are.
Any laws that change will not be secluded to health insurance but all types, from car to home insurance as well as others.
View related information:
Insurance View for UK companies, brokers and news
Law and Legal for solicitors in England, Wales, Scotland and Northern Ireland
Change in Insurance Law
