GAP Insurance Rule Change
The Financial Conduct Authority have introduced new rules after a market study into the selling process of insurance add-ons. From 1st September 2015, dealers selling GAP insurance in connection with the sale of a motor vehicle as an add-on will be required to provide customers with prescribed information to help them shop around and be more engaged when making decisions about purchasing the product, and also introduce a deferral period, which means GAP insurance cannot be in
