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<p>On Wednesday 5 February, the Financial Conduct Authority (FCA) published new rules
and guidance to improve access to travel insurance for all consumers with medical
conditions</p><p> </p><p>Included within the FCA’s rules is a requirement for firms
to signpost consumers to specialist providers if they are declined cover, offered
cover with an exclusion, or charged a significantly higher premium based on their
pre-existing medical condition.</p><p> </p><p>In addition, the Government has legislated
to ensure that all UK insurance policies with EU insurance companies can continue
to be serviced by those EU companies after Brexit, notably with a Temporary Permissions
Regime (TPR) for EEA firms currently passporting into the UK. This allows EU firms
to continue operations in the UK for a time-limited period at the end of the transition
period while they apply for full UK authorization, while the Financial Services Contracts
Regime allows for the orderly wind down of the UK regulated activities of remaining
firms who do not enter the TPR.</p><p> </p>
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