The Law Commission's consultation paper suggests that life insurers should introduce a five-year cut-off period for declining claims for non-disclosure. But life insurance is the only product in the entire protection range to be included. Why do you think this is and, by just focusing on life, will any real difference be made?
Market viewsKarin Lloyd, Karin LloydIt is strange that the recommendations only appear to apply to life insurance, especially when other products are used as case studies in the early part of the report, including a critical illness (CI) case adjudicated by the Ombudsman (para 1.12). Is the Law Commission using the term 'life insurance' as shorthand for all policies written by life insurance companies or is this limitation to life policies intentional? Much of the public debate surrounding non-disclosure has been provoked by the treatment of CI claims, so a change that is truly restricted...
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