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BBC News - 'Unfair burden' of insurance law
LAW Commision - Insurance Contract Law
(but then the law commission did a fantastic study on the UTCCR (SEE Legal Beagles )and including microenterprises but oh look never happened hey ho - still nice to see them giving it another shot mixed up in this insurance investigation
Issues Paper 5: Micro-businesses - should micro-businesses be treated like consumers for the purposes of pre-contractual information and unfair terms?
In April 2009 the Law Commission and the Scottish Law Commission published an Issues Paper on micro-businesses and pre-contractual information and unfair terms. Research shows that many micro-businesses do not have specialised knowledge of insurance and are increasingly buying their insurance online without the benefit of a broker, in much the same way as consumers do. The Paper asks specific questions about protection against unfair terms in insurance contracts for micro-businesses. It also puts forward proposals to treat micro-businesses as consumers for the purposes of pre-contractual information. Finally it discusses how a micro-business should be defined.
We received 49 responses and published a summary of these responses in November 2009. The consultation revealed that a majority supports a change in insurance contract law so that micro-businesses would be treated like consumers for the purposes of pre-contractual information and unfair terms. A press release is available. We now intend to develop our policy on micro-businesses and larger businesses in light of the responses we have received. We hope to publish a policy statement on non-disclosure, misrepresentation and warranties in business insurance contract law in Spring 2010.
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LAW Commision - Insurance Contract Law
(but then the law commission did a fantastic study on the UTCCR (SEE Legal Beagles )and including microenterprises but oh look never happened hey ho - still nice to see them giving it another shot mixed up in this insurance investigation
Issues Paper 5: Micro-businesses - should micro-businesses be treated like consumers for the purposes of pre-contractual information and unfair terms?
In April 2009 the Law Commission and the Scottish Law Commission published an Issues Paper on micro-businesses and pre-contractual information and unfair terms. Research shows that many micro-businesses do not have specialised knowledge of insurance and are increasingly buying their insurance online without the benefit of a broker, in much the same way as consumers do. The Paper asks specific questions about protection against unfair terms in insurance contracts for micro-businesses. It also puts forward proposals to treat micro-businesses as consumers for the purposes of pre-contractual information. Finally it discusses how a micro-business should be defined.
We received 49 responses and published a summary of these responses in November 2009. The consultation revealed that a majority supports a change in insurance contract law so that micro-businesses would be treated like consumers for the purposes of pre-contractual information and unfair terms. A press release is available. We now intend to develop our policy on micro-businesses and larger businesses in light of the responses we have received. We hope to publish a policy statement on non-disclosure, misrepresentation and warranties in business insurance contract law in Spring 2010.
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