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Law on insurance
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Our visit and mystery-shopping results indicate that there is a higher risk of
customers being treated unfairly where firms sell single-premium PPI policies
16
.
One of the key TCF consumer outcomes is that products and services marketed and
sold in the retail market are designed to meet the needs of identified consumer groups
and are targeted accordingly. While single-premium PPI can be a useful product for
some, it is not necessarily appropriate for all consumers. Despite this, it appears that
many firms assume that nearly all customers have a potential PPI ‘need’ and, in most
cases, those customers will be sold a single-premium product. This is often because
firms...
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Law on insurance
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Law on insurance
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