Law Comm to probe adviser role in non-disclosure

It follows a paper produced in October which suggested introducing a “non-contestability” period into life insurance policies, and which would mean insurers could only turn down a claim on the grounds of non-fraudulent non-disclosure if they prove the non-disclosure within three years of the policy being taken out. While full details of the next paper are not yet available, Nick Kirwan, protection market director at Scottish Widows, suggests the Law Commission will look at agency law and consider whether the intermediary is acting for the client or the provider. Although intermediaries ...