Insurance

Question 1

The FCA

Answer 1

Financial services And markets act

2000 and consumer credit act 1974 regulate giving financial advise

Question 2

What do fca do

Answer 2

They regulate selling and administering insurance

Question 3

Regulated activities

Answer 3

Giving insurance advice
Arranging to take our insurance
Entering into ins on behalf of someone’s bahalf
Helping in the admin.

Question 4

Why can agents deal with

Answer 4

Principal firm company regulated by fca
Appointed representative- regulated lettings agency ( to be one you must sign contract )
Introducer app representative - through leaflets u can pass client details
Non regulated introduced
: only leaflets

Question 5

Consumer credit act 1974

Answer 5

U must be licensed