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Your Insurance Policy Against Late Insurance Payouts


The Enterprise Act 2016 has reformed the way insurers operate and has bestowed additional rights upon policyholders. It affects every insurance policy entered into or renewed on or after Thursday 4 May 2017.

Our infographic focuses on the key changes:

  1. The obligation on insurers to pay sums due under a policy within a reasonable timeframe;
  2. the right of policyholders to enforce prompt payment of sums due following a claim; and
  3. the right of policyholders to claim damages for the late payment of insurance monies.

Disclaimer: Anything posted on this blog is for general information only and is not intended to provide legal advice on any general or specific matter. Please refer to our terms and conditions for further information. Please contact the author of the blog if you would like to discuss the issues raised.