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Insurance Premium Tax Increase24 November 2016
A further rise in the rate of standard UK Insurance Premium Tax (IPT) was announced yesterday by Chancellor Philip Hammond in
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The Insurance Act 20158 August 2016
The Insurance Act comes into effect on 12th August 2016 and affects all commercial insurance policies governed by UK law. The Act is designed to shift the power imbalance from insurers to the insured. Introducing a new ‘duty of fair presentation’ the Act requires insureds to capture more knowledge from more people in their organisations.
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