Which of these transactions is subject to the provisions of the Consumer Insurance (Disclosure and Representations) Act 2012?

The correct answer is that an individual's private car renewal is subject to the provisions of the Consumer Insurance (Disclosure and Representations) Act 2012. This Act is designed to protect consumers by ensuring they are treated fairly in insurance transactions, particularly regarding the information they must disclose.

When an individual renews a private car insurance policy, they are considered a consumer under the legislation, which means they are entitled to certain rights and protections. The Act requires insurers to clearly explain what information must be disclosed, emphasizing that consumers should not be penalized for not disclosing information that they were not specifically asked about.

In contrast, transactions involving companies, such as a company's commercial vehicle renewal or new policy, fall under different regulations. These transactions are typically governed by the principles of business insurance, where the expectations for disclosure and representation differ significantly from those applicable to individual consumers. Since companies are generally regarded as more knowledgeable in contractual dealings, they do not receive the same level of consumer protection under this Act. Thus, the provisions of the Consumer Insurance (Disclosure and Representations) Act 2012 do not apply to company-related insurance transactions.