Premium Finance Regulatory Challenges Grow

Some serious observations in this article regarding the regulatory challenges for insurance premium finance and the questions it raises over the full distribution chain: insurers, lenders and brokers. James Daley: The price isn’t always fair simply because the customer is willing to pay it | Protection Reporter

Insurers may consider outsourcing as a faster and guaranteed route to compliance. But with the uncertainty of ongoing regulatory challenges across the supply chain, the risk of fallout from a Dear CEO letter and potential for remediation on Discretionary Commissions, outsourcing cannot simply be assumed to be lower risk or more efficient solution in all cases.

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