MOTOR INSURANCE
General insurers are reported to be asking for product and company-size flexibility in the proposed…
WHAT IS PROPOSED
The draft cites nil commission for insurance distribution entities and 2.5% for agents on specified…
WHO IS AFFECTED
Existing motor premiums, cover and claims do not change because the proposal is not final.
WHAT HAPPENS NEXT
Stakeholders can respond before the consultation closes; any effective date remains to be notified.
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See what the proposed distribution changes could mean for policyholders and servicing.
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Sources, numbers and what to watch next.
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