ABI supports government’s industry strategy
Law360: The Association of British Insurers (ABI) has publicly backed the government's decade-long industrial strategy designed to promote business investment and growth in the UK.
Contracts of insurance under English law are governed by a combination of statutory regulation and principles developed by case law. Whether or not a contract is a contract of insurance is therefore a threshold question to determining what regulatory, statutory or common law principles apply.
For guidance as to the nature of insurance contracts, see Practice Notes: Identifying contracts of insurance in English law—an introduction, What is a contract of insurance? and Commentary: Pre-Contract Matters: McGee: The Modern Law of Insurance [5.1]. For a practical guide to determining whether an arrangement constitutes a contract of insurance, see Practice Note: Identifying a contract of insurance—flowchart.
Historically, insurance contracts were governed by the Marine Insurance Act 1906 (MIA 1906), which was largely a codification of principles derived from case ...
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