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The Consumer Insurance (Disclosure and Representations) Act 2012: not a model for Hong Kong!

journal contribution
posted on 2023-05-21, 21:35 authored by Poomintr SooksripaisarnkitPoomintr Sooksripaisarnkit, Cheung, FCK
The United Kingdom has recently embraced a rather exciting development in the consumer insurance regime with the enactment and implementation of the Consumer Insurance (Disclosure and Representations) Act 2012. Flaws in approach taken in this piece of legislation are revealed in this article. The conclusion reached in this article is that Hong Kong, whose consumer insurance law is based largely on the common law principles inherited from the United Kingdom, should not follow the approach in this statute. While it is generally encouraged for lawmakers in Hong Kong to launch a reform of consumer insurance law, alternative approaches to such reform are suggested in this article.

History

Publication title

Asian Business Lawyer

Volume

181

Pagination

131-160

ISSN

2005-0054

Department/School

Australian Maritime College

Publisher

Legal Research Institute of Korea University

Place of publication

Korea

Repository Status

  • Restricted

Socio-economic Objectives

Law reform

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