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ARTICLE · 10 SEPTEMBER 2020

Insurance Regulatory Update September 2020

Arthur Cox
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This is the September edition of the Arthur Cox Insurance Regulatory Update, the monthly bulletin of the Arthur Cox Insurance Group focused on recent developments in insurance regulation, law and practice.

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Arthur Cox
Arthur Cox
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This is the September edition of the Arthur Cox Insurance Regulatory Update, the monthly bulletin of the Arthur Cox Insurance Group focused on recent developments in insurance regulation, law and practice.

This issue includes: the commencement of provisions of the Consumer Insurance Contracts Act 2019, the Central Bank's Business Interruption Insurance Supervisory Framework; the Central Bank's Thematic Inspection of Data Contained in Retail Intermediary Annual Reports; and EIOPA's completed regulation of the Pan-European Personal Pension Product.

DOMESTIC NEWS

Commencement of Provisions of Consumer Insurance Contracts Act 2019

The majority of the provisions of the Consumer Insurance Contracts Act 2019 (the "Act") were commenced on 1 September 2020. As noted in our previous briefing on this legislation this introduces significant changes to consumer contracts entered into or varied after 1 September 2020.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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