Which Act changed the law regarding the requirement for a statutory declaration when canceling a motor policy mid-term?

The Deregulation Act 2015 is significant because it streamlined various regulatory requirements across different sectors, including the insurance industry. Prior to this Act, a statutory declaration was often required to process the mid-term cancellation of motor insurance policies. The Deregulation Act removed this requirement, facilitating a simpler cancellation process for consumers. This change is part of a broader effort to reduce unnecessary administrative burdens and improve consumer experiences in various transactions.

The other acts mentioned, although relevant to legal and regulatory reforms, do not specifically address the issue of statutory declarations for the cancellation of motor policies. The Consumer Rights Act 2015 mainly focuses on consumer protections in sales and service contexts, while the Insurance Act 2015 introduced important reforms regarding insurers' duties in contract terms and clarity but did not deal with cancellation procedures in the same manner. The Consumer Insurance Act 2012 also aimed at protecting consumers but addressed different aspects of insurance contracts rather than cancellation processes.