New provisions in the Enterprise Act 2016 ("the Act") which give policyholders a potential right to claim damages in the event of late payment of insurance claims, come into force this week on 4 May. The new law will apply to every contract of insurance entered into after the provisions come into force.
For a full review of the Act and its practical impact for policyholders and (re)insurers, please click here to read our e-bulletin that was published when the Act received royal assent.
Key contacts
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.