Different rules apply depending on whether the insurance is consumer or non-consumer. Commercial, or non-consumer, insurance contracts are governed by the Insurance Act 2015. The rules for consumer insurance are contained in the Consumer Insurance (Disclosure and Representations) Act 2012.
A consumer insurance contract is defined as one where the insured is an individual who enters into the contract wholly or mainly for purposes unrelated to the individual’s trade, business or profession. All other contracts are treated as non-consumer, or commercial.