The Insurance Act 2015 - an overview 0345 040 7702 email@example.com The Insurance Act came into effect on 12th August 2016 and affects all commercial and charity insurance policies governed by UK law. The Act is designed to shift the power imbalance from insurers to organisations making recovery from insurers simpler and fairer in the event of claim. The Act introduces a new ‘duty of fair presentation’, requiring insureds to capture more knowledge from more people in their organisations. What changes does the Act bring? What do I need to do to comply with the Act?