BLOCK EXEMPTION
July 1st, 2002
BY KEITH NUTHALLA SPECIAL exemption for the insurance sector from European Union laws insisting on free and unfettered competition between companies in Europe is to be extended, albeit with changes improving the rights of policy-holders and other consumers.This 'block exemption' from EU competition legislation is due to expire next March 31, and the European Commission is now consulting the industry on reforms to the system that it wants to put in place on its renewal.There are four main clauses, covering:*Cooperation between companies over indicative risk ...
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