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The Insurance Act is a new piece of legislation that is coming into effect in August 2016. This Act will affect all Balens clients with the exception of those purchasing Personal Lines products (i.e. home, travel and personal accident insurance).

The Act has been brought in to give more safeguards and clearer information for the client, however it does also place a greater onus on those purchasing insurance with regards to the information they give to the insurer.

The attached document gives further details on ‘What you need to do’ and ‘Why it is important’, we would strongly encourage you to read and understand how this may affect you. This document will also be sent to all of our clients whom it affects along with their proposal or policy renewal documents.