Law360, London (August 11, 2020, 3:16 PM BST) -- The Financial Conduct Authority on Tuesday extended for a further three months temporary measures to help consumers who are struggling to pay their insurance premiums during the coronavirus pandemic.
The regulator said it had received broadly positive feedback to its consultation on the extension, which opened late July and lasted for just four days.
The rules require insurers to offer support to customers struggling to pay premiums after having lost their jobs or fallen ill. The measures were originally introduced for three months from May 18. They now apply until Oct. 31, the FCA said.
"We wanted to act quickly to...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!