Pounds 3 On Every Premium Will Fund War On Rogue Insurers

Daily MailJanuary 15, 2005

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Summary


THE cost of insurance is expected to rise by nearly Pounds 3 per premium per year to fund the introduction of rules protecting customers from rogue deals and salesmen.

Firms selling all types of insurance, from car and property to a life policy, will have to provide more detailed information to customers.

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Pounds 3 On Every Premium Will Fund War On Rogue Insurers

At the same time advertising claims will be regulated and there will be access to compensation where policies are mis-sold.

The extra cost of the regulation, including the developme...

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