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The Insurance Act 2015 (c. 4) is a United Kingdom act of Parliament which makes significant reforms to insurance law. [1] It came into effect on 12 August 2016, [ 2 ] and follows on from the Consumer Insurance (Disclosure and Representations) Act 2012 ("CIDRA").
Accordingly, s,14(3) amends s.17 of the Marine Insurance Act 1906 to read: "A contract of marine insurance is a contract based upon the utmost good faith" and that section's subsequent words: "and, if the utmost good faith be not observed by either party, the contract may be avoided by the other party" are now omitted.
2015 3 The Motor Vehicles (Amendment) Act, 2015 44 2015 5 The Insurance Laws (Amendment) Act, 2015 45 2015 10 The Mines and Minerals (Development and Regulation) Amendment Act, 2015 46 2015 12 The Andhra Pradesh Reorganisation (Amendment) Act, 2015 47 2015 14 The Regional Rural Banks (Amendment) Act, 2015 48 2015 16
The Life Insurance Corporation (Amendment) Act, 2011 The whole 85 2012 11 The Export-Import Bank of India (Amendment) Act, 2011 The whole 86 2012 26 The North-Eastern Areas (Reorganisation) and Other Related Laws (Amendment) Act, 2012 The whole 87 2012 36 The Chemical Weapons Convention (Amendment) Act, 2012 The whole 88 2013 1
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The amendments raised the compensation limits by 50 percent compared to the limits set in the 1992 Protocol, as follows: For a ship not exceeding 5,000 gross tonnage, liability is limited to 4.51 million SDR (US$5.78 million) For a ship 5,000 to 140,000 gross tonnage: liability is limited to 4.51 million SDR plus 631 SDR for each additional ...
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1 The Taxation Laws (Amendment) Act, 2000 The whole except section 5 181 2001 4 The Taxation Laws (Amendment) Act, 2001 The whole except section 8 182 2001 11 The Insurance Laws (Transfer of Business and Emergency Provisions) Repeal Act, 2001 The whole 183 2001 17 The U.P. Sugarcane Cess (Validation) Repeal Act, 2001 The whole 184 2001 18