New Act to bring 'peace of mind' for consumers
The Consumer Insurance Act will give “added peace of mind” to customers who will “not be declined if they unknowingly fail to disclose information to their insurer” when buying insurance products, according to the Association of British Insurers.
The new Act, which comes into force tomorrow, will place a duty on insurers to ask customers all relevant questions about the specific information required at point of sale.
It provides legal
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