UK: FSA Obtains Undertaking from UK Insurance Limited in Relation to its Contracts for Travel Insurance Containing the Phrase "Consequential Loss"

… blog, the FSA has been focusing on the application of the Unfair Terms in Consumer Contracts Regulations (the Regulations) to consumer insurance policies and recently issued a statement regarding the use of the phrase “consequential loss” in consumer policy … deal with that expected increase. For further information on the application of the Unfair Terms in Consumer Contracts Regulations to consumer insurance policies, please see our previous blog: The FSA Published Two reports relating to the Use …

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