Tag: Insurance claim payment delays

Late payment of insurance claims,Damages for late payment of insurance, Delayed insurance claims processing, Late settlement of insurance claims, Insurance claim payment delays

Late payment of insurance claims

Rakib Hossain SojolLeave a Comment on Late payment of insurance claims

Late payment of insurance claims legislation came into effect that implies terms into new contracts of insurance. Following the commencement of the Enterprise Act 2016 on that date, the Insurance Act 2015 was altered to provide that sums due under all contracts of insurance will be paid to the person who is insured within a ‘reasonable time’. […]

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