Treasury announces insurance regs inquiry

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The Treasury Committee has announced a new inquiry into the scope of the Financial Services Authority's insurance regulation.

The committee is seeking submissions of written evidence focussing on: The current extent of regulation of the insurance market; The form any proposed future regulation might take, including models for non-statutory regulation; and The need for, and potential effects of, extending regulation to the bundled travel insurance and extended warranty markets. An oral evidence session will be held on 23 November with witnesses including Ed Balls MP, economic secretary to the Treasury. Written evidence must be submitted by 3:00pm on 15 November and should be in Word or rich text format ...

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