Yes, the days are getting shorter, the nights longer, the wind chillier and the warm fire in the local even more inviting. The high street is already stocking up on Christmas lights and novelty Santa stocking fillers and it's almost, but not quite, party...
IFAs and providers are calling for further clarification on whether proposals to introduce a ‘non-contestability' period into life insurance policies would apply to deliberate non-disclosures.
The Law Commission is proposing insurers should only receive a remedy for non-disclosure where the non-disclosure is ‘material' and the consumer acted fraudulently.
A proposal by the Law Commission on rights relating to co-habiting couples could see pension sharing orders becoming more commonplace.
Non-disclosure rules and the law of agency must be reformed as part of a wider review of insurance contract law to make the advice process fairer for intermediaries and consumers, says the Chartered Insurance Institute (CII).
Lawlords are considering a review of insurance contract law to assess whether non-disclosure rules should be tightened in favour of the policyholder and whether the legal onus should be on insurers to "ask questions".