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ARTICLE · 14 OCTOBER 2020

Consumer Insurance Contracts Act 2019

Eversheds Sutherland
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On 16 July 2020, the Minister for Finance, Paschal Donohoe TD announced that many sections of the Consumer Insurance Contracts Act 2019 (the "Act"), which was signed into law on 26 ...

IrelandInsurance
Stephen Barry
Stephen Barry
Sophie Dudley
Sophie Dudley

Introduction

On 16 July 2020, the Minister for Finance, Paschal Donohoe TD announced that many sections of the Consumer Insurance Contracts Act 2019 (the “Act”), which was signed into law on 26 December 2019, will commence on 1 September 2020, with the commencement of some of the more onerous sections being deferred until 1 September 2021.

The introduction of the Act is a significant development in insurance law for consumers. It is important insurers are aware of the new statutory obligations for insurance policies, particularly the obligations around plain and intelligible language and ensuring that the right questions are asked of consumers. 

Summary of Scope

Unless otherwise provided, the Act applies to life insurance and non-life insurance contracts agreed or varied or renewed following commencement of the Act.

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