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The Enterprise Bill 2015: Late payment of claims

Policyholders will now be able to claim damages for late payment of claims

The Insurance Act 2015 was originally going to include provisions introducing damages for late payment of claims. However, this was considered to be too controversial to pass through Parliament under the special procedure that is reserved for non-contentious Law Commission Bills. The relevant clauses on late payment were therefore removed from the draft Insurance Bill.

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Jacquetta Castle

I specialise in insurance coverage and professional liability, particularly for lawyers, brokers and financial professionals. I work for many of the major insurers.