Law Reform Commission Issues Consultation Paper On Insurance Contracts

The Law Reform Commission (the "LRC") has issued a consultation paper on insurance contracts. The consultation paper looks in depth at the current system of law of insurance contracts in Ireland and, in recommending various changes, compares the Irish system to that of other EU and third country jurisdictions (including South Africa, Canada and Australia). The consultation paper specifically examines the following:

• the concept of insurable interest,
• the duty of disclosure placed on the insured;
• the nature and scope of pre-contractual misrepresentation by the insured;
• the nature and effect of warranties in insurance contracts, and their connection with basis of contract clauses;