Case Locks

Summary

The FCA, on 19 July 2021, up-to-date its webpage setting out its expectations of standard insurance policies corporations in the mild of COVID-19 to clarify its expectations about vacation insurance coverage. Despite the fact that the FCA experienced earlier published information of its expectations of companies in this discipline, the most current update offers further colour on the techniques that the FCA expects basic insurance plan corporations to be having (or to have taken) and the methods that it does not regard as proper.

FCA’s up to date anticipations in relation to travel insurance plan

Standard insurance coverage companies should really be informed of the pursuing updated anticipations that have now been set out by the FCA:

1. Good, very clear and not deceptive purchaser communications during the marketing and advertising and sales processes.

The FCA has emphasised that:

• Firms ought to not use terminology that customers might not