FSA reform rules on general insurance
The Financial Services Authority is proposing to "radically reform" the rules firms need to follow in carrying out general insurance business with their customers. The regulator has put its plans out to consultation and said a differentiated approach to insurance conduct of business regulation is at the heart of the proposals.
For general insurance business, such as household, motor or pet policies, this means moving to principles and high-level rules, except where detailed provisions are required by European Union
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