The Third Parties (Rights against Insurers) Act 2010 (c. 10) is an act of the Parliament of the United Kingdom which received royal assent on 25 March 2010.
The act changed regulation of liability insurance policies.
It came into force on 1 August 2016,Pinsent Masons, Third Parties (Rights against Insurers), published 6 January 2016, accessed 10 June 2022 removing a provision in the Third Parties (Rights against Insurers) Act 1930 which required a third party claimant affected by the insolvency of an insured party to obtain a judgment on the insurer's liability before being able to issue proceedings. Since 2016, the third party claimant has been able to issue proceedings directly against the insurer.Thomas Marine Law, Article: The Third Parties (Rights Against Insurers) Act 2010, published April 2010 Schedule 1 to the Act also established a regime under which information about the insolvent party's insurance could be made available to a person with a "reasonable belief" that they had a transferred right to claim.UK Legislation, Third Parties (Rights against Insurers) Act 2010, accessed 10 August 2022
The act came into force over six years after its royal assent. The delay holding back its "long-awaited" implementation was related to certain shortcomings concerning business insolvency, administration and dissolution, which were addressed in the Insurance Act 2015.Wilson Browne LLP, The long awaited Third Parties (Rights against Insurers) Act 2010 ("the Act") comes into force on 1 August 2016, accessed 26 November 2022
The (20 & 21 Geo. 5. c. 25), and its Northern Ireland equivalent, the (20 & 21 Geo. 5. c. 19 (N.I.)), were repealed by the 2010 act. In 2001, the Law Commission of England and Wales and the Scottish Law Commission reviewed the 1930 legislation and found that it was not working as well as it should. The two commissions' final report set out proposals for reform which were largely reproduced in the new act. The 2010 significantly streamlined the procedures set out under the 1930 acts.
The 1930 acts continue to apply in certain circumstances.
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