We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close


Insurance Broking Practice and the Law

Chapter 16



16-1 For contracts formed prior to 12 August 2016, the position at common law is that the insurer will not be liable where an insured makes a fraudulent claim. For contracts formed after 12 August 2016, this fraudulent claims rule has been codified by the Insurance Act 2015.1 Under either regime, the question of what amounts to a fraudulent claim is a matter for the courts. Where a claim has been fabricated or dishonestly brought about, or where an insured has fraudulently exaggerated its loss, the full claim is forfeit (even any genuine part).2 The consequences of making a fraudulent claim can therefore be very severe upon an insured.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click login button.