FSA has published an undertaking from AXA Insurance UK plc relating to terms in contents and building insurance. The original terms had the potential to require insureds to spend considerable money providing information relating to claims to AXA. FSA wanted AXA not only to make its expectations clearer but also to agree to refund resonable costs. (Source: FSA Publishes UTCCR Undertaking)
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FSA publishes UTCCR undertaking
- Dentons
- Dominic Gilmore and Josie Day
- United Kingdom
- March 2 2012
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Nadia Martel
Senior Legal Counsel
Bombardier Recreational Products Inc