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Insurance watchdog extends dealers' deadline

Dealers have been given additional time in which to acknowledge changes in the rules governing the sale of insurance.

The General Insurance Standards Council, the independent industry regulator, has extended the date by when dealers must have registered to abide by changes to the law, known as Rule F42.

The deadline has been extended from September 1 to October 15, 2001. The implementation date for the ruling remains Decemeber 31, 2001.

The changes relate to how dealers sell general insurance and what they tell customers about use of their personal details.

Automotive Management and Sewells Information & Research are holding a conference this month, in conjunction with the Finance and Leasing Association, to explain the regulations.

'Be prepared for dealer regulation' - will be staged on July 26 in partnership with the Finance & Leasing Association at the Birmingham ICC. For full details go to the AM Events section of AM-online ('Dealers face cash loss over new trading rules').

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