Passing on savings made by insurers

Part of Civil Liability Bill [Lords] – in a Public Bill Committee am 3:15 pm ar 11 Medi 2018.

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“premium reduction” means a reduction in the annual cost of a policy of motor insurance taken out by a policyholder.’—(Gloria De Piero.)

This new clause would require insurers to pass on to insurance consumers all savings made as a result of these changes.