PINS 12.1.4 Guidance

The effect of PINS Rule 12.1.4 is to disregard, for the purposes of determining whether the Chapter applies, contracts of insurance that are effected by the insurer as a consequence of a term of an existing contract of insurance. A contract will normally only be regarded as being effected under a term of an existing contract if the insurer does not have discretion to decline to effect the new contract or if it would be unreasonable for the insurer, having regard to the interests of the policyholder, to decline to effect it.

Editorial changes (as from 1 January 2015).