Model clauses for use in connection with the Insurance Act 2015

Clauses relating to late payment damages

	LMA5277 Insurance Act 2015 – no liability in damages for late payment of a claim
	LMA5278 Insurance Act 2015 – limitation of liability for late payment of a claim
	LMA5279 Insurance Act 2015 - non-waiver of legal privilege
	LMA5280 Insurance Act 2015 - Reasonable time to investigate and assess claims
	LMA5281 Insurance Act 2015 – Reinsurer not liable for late payment of a claim by the Reinsured
	LMA5282 Insurance Act 2015 – no liability in damages for late payment of a claim by Reinsurer
	LMA5283 Insurance Act 2015 - Reinsurer’s liability to Reinsured for late payment caused by the Reinsurer
	LMA9127 Insurance Act 2015 - late payment of insurance claims

Existing Suite of Insurance Act Clauses

	LMA9117 Insurance Act 2015 – Proposal Forms for non-consumer contracts - Duty of fair presentation
	LMA9118 Insurance Act 2015 – Proposal Form Declaration for non-consumer contracts
	LMA9119 Insurance Act 2015 - Definition of “insured’s organisation”
	LMA9120 Insurance Act 2015 - Definition of “senior management”
	LMA9121 Insurance Act 2015 - Remedies for breach of the duty of fair presentation
	LMA9122 Insurance Act 2015 - Remedies for breach of the duty of fair presentation – variations to contracts concluded before 12 August 2016
	LMA5253 Insurance Act 2015 - Critical Information
	LMA5254 Insurance Act 2015 - Application of Section 10 – Breach of warranty
	LMA5255 Insurance Act 2015 - Application of Section 11 – Terms not relevant to the actual loss
	LMA5256 Insurance Act 2015 - Fraudulent claims clause
	LMA5257 Insurance Act 2015 – Contracting out of section 8(2) and Schedule 1 - Avoidance as the sole remedy for breach of the duty of fair presentation
	LMA5258 Insurance Act 2015 - Contracting out of Section 10 – All warranties
	LMA5259 Insurance Act 2015 - Contracting out of Section 10 – Individual warranty
	LMA5260 Insurance Act 2015 - Contracting out of Section 11– Whole insurance contract
	LMA5261 Insurance Act 2015 - Contracting out of Section 11 – Individual term
	LMA5262 Insurance Act 2015 – Effect of misrepresentations made to any leading insurer
	LMA5263 Insurance Act 2015 - Application of the Act to all participating Insurers
	LMA5264 Insurance Act 2015 - Application Clause (“Wraparound Clause”)

Related guidance

	Insurance Act 2015 - Guidance to LMA Model Clauses on Late Payment Damages Download a copy (PDF)
	Insurance Act 2015 - Guidance to Suite of LMA Model Clauses Download a copy (PDF)
	The Insurance Act 2015: A practical guide to changes in   UK Insurance Law Download a copy (PDF)
	Insurance Act 2015: Quick Reference Guide Download a copy (PDF)