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FSA Car Insurance Regulation |
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FSA
- Car Insurance Regulation Before a seller can offer you its (UK car insurance) services, it must be authorised by the FSA or be awaiting authorisation. To receive approval it must fulfil a number of requirements based on its professionalism and competence. Motor insurance consumers in the UK now have the right to cancel any policy with 14 days of purchase, whereas previously you were able to cancel within a fortnight only if you could prove that you had been given misleading information when being sold the policy. See also The Principles for the Conduct of Business under the FSA. Who
is the FSA? The FSA strives to ensure that consumers are treated fairly. They (consumers) should be provided with relevant information on both firms and products and, if they receive advice, the product recommended should be adequate to meet their needs. If they make a claim, it should be handled promptly and efficiently. Contact
The FSA Complaints against the FSA: From UK: 020 7066 9870. From Overseas: +44 20 7066 9870. Fax: From UK: 020 7066 1099. From Overseas: +44 20 7066 1099. Consumer e-mail: consumerhelp@fsa.gov.uk
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