Clifford Chance
The countdown begins: The Insurance Act 2015
11 March 2015
On 12 February 2015, the Insurance Act 2015 ("the Act") received Royal Assent. This follows years of detailed Law Commission consultations and Parliamentary scrutiny and, as it amends key sections of the Marine Insurance Act 1906, it will be the first significant change to commercial insurance law in more than a century.
Implementation follows an 18 month period, with the clock now counting down to 12 August 2016 – the date when the Act comes into force.
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