The Irish Law Reform Commission has launched a consultation paper on insurance contracts which assesses current insurance contract law and makes a number of detailed recommendations on potential reform of the law in this area. The most noteworthy include: (i) agencies should liaise to develop Codes of Practice setting out best practice standards; (ii) legislation should provide that an otherwise valid insurance claim cannot be rejected by the insurer solely because the insured lacks an insurable interest as has been traditionally defined; and (iii) the pre-contractual duty of disclosure should be retained but it should be restricted to facts and circumstances which the proposer has actual knowledge of.