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Insurance Sellers Face Compliance Costs From New EU Rules

Law360, New York (May 24, 2017, 5:51 AM EDT) -- Even though the U.K. gold-plated the last round of European Union rules on insurance distribution, experts say disclosure and cross-selling provisions in the new directive taking effect in early 2018 could still impose substantial new compliance costs for the British market — especially for those selling investment products.

The Insurance Distribution Directive, or IDD, is set to kick in come February 2018, broadening existing rules governing the way brokers and other traditional insurance intermediaries do business to cover anyone who sells insurance, including insurers that market...
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