Insurance contract law

We have published a further joint Issues Paper (Issues Paper 10) containing updated proposals on the topic of insurable interest.

In relation to indemnity insurance, we ask about the timing and consequences of concluding a valid insurance contract and whether statute should define insurable interest using a non-exhaustive list of examples.

In relation to contingency insurance, such as life insurance, we ask whether there is a need for statutory reform and whether the concept of insurable interest should be expanded along the lines suggested.  See the project page for more information.