Swedish Insurance Contracts Act 2005

Prior to the entry into force of the new Insurance Contracts Act (SFS 2005:104), the Insurance Contracts Act 1927 had been under scrutiny for several decades. A tangible outcome was the Consumer Insurance Act 1980. The new, comprehensive Insurance Contracts Act (ICA) entered into force on 1 January 2006. The focus in the elaboration of the ICA was on other matters than disclosure rules. The new provisions therefore owe much to the previously applicable framework but have perhaps drawn most upon the Consumer Insurance Act. The provisions on the duty of disclosure of the assured are framed as limitations of the liability of the insurer. The ICA is reviewed by Johanna Hjalmarsson, Informa Law Research Fellow in Maritime and Commercial Law, Institute of Maritime Law, University of Southampton. The author would like to thank the Swedish Insurance Association for a generous grant, the Institute for Maritime and Transport Law at Stockholm University for very kind and helpful assistance provided and Professor Erik Røsæg for valuable comments on a draft of the text. Any remaining errors are attributable to the author.