On 30 July 2008, the FSA published its latest General and Life Insurance Newsletters.
Read More UK: FSA publishes General and Life Insurance Newsletters
Payment Protection Insurance
UK: New FSA Insurance: Conduct of Business Sourcebook
By Troutman Pepper Locke on
On 6 January 2008, the FSA’s new Insurance: Conduct of Business Sourcebook (ICOBS) came into force, replacing the existing ICOB. Insurance companies and intermediaries in the UK have 6 months in which to ensure that their processes and policies (particularly in relation to protection products – see below) meet the new standards.
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Read More UK: New FSA Insurance: Conduct of Business Sourcebook
UK: The Association of British Insurers (ABI) Publishes Guidance on Non-Disclosure and Treating Customers Fairly: Claims for Long-Term Protection Insurance Products
By Troutman Pepper Locke on
The ABI has recently issued guidance on the payment of claims under Critical Illness, Income Protection and life insurance policies where medical information was not disclosed during the application process.