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<p>The Leasehold and Freehold Reform Bill seeks to ban the placer of insurance on
residential leasehold properties from receiving any form of commission that is passed
on to leaseholders as a cost. Instead, costs relating to the placement and management
of buildings insurance will be issued through a transparent handling fee, proportionate
to the value of the work done. The detail will be set out in affirmative secondary
legislation.</p><p>Transparency reforms within the Bill will require the placer of
insurance to disclose information about their decision-making process when purchasing
buildings insurance on behalf of leaseholders. These measures will support responsible,
transparent, and accountable sourcing of buildings insurance for leaseholders of multi-occupancy
buildings.</p>
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