Insurance Flashcards
1
Q
The FCA
A
Financial services And markets act
2000 and consumer credit act 1974 regulate giving financial advise
2
Q
What do fca do
A
They regulate selling and administering insurance
3
Q
Regulated activities
A
Giving insurance advice
Arranging to take our insurance
Entering into ins on behalf of someone’s bahalf
Helping in the admin.
4
Q
Why can agents deal with
A
Principal firm company regulated by fca
Appointed representative- regulated lettings agency ( to be one you must sign contract )
Introducer app representative - through leaflets u can pass client details
Non regulated introduced
: only leaflets
5
Q
Consumer credit act 1974
A
U must be licensed
