NO CLAIM BONUS
March 1st, 2002
BY KEITH NUTHALLThe European Commission is take legal action against France and Luxembourg in a final bid to remove the compulsory no-claims bonus system for third party motor insurance in the European Union. The two countries are now alone in the EU in sticking to a system which the Commission claims is in breach of the third non-life insurance directive (92/49/EEC) and constitutes a barrier to free competition.Brussels says that insurers should be free to set prices, apply no-claims discounts or raise premiums "taking account, for example, of the seriousness of ...
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