Points "expired" but still on licence - declare?
Discussion
Ok that's pretty clear - declare for 5 years.
I did read something along the lines that if the points are "spent" then in theory insurance company shouldn't be able to penalise...
http://www.telegraph.co.uk/finance/personalfinance...
I did read something along the lines that if the points are "spent" then in theory insurance company shouldn't be able to penalise...
http://www.telegraph.co.uk/finance/personalfinance...
Telegraph said:
The Financial Ombudsman, the dispute resolution body, has said it will side with the customer if an insurer unfairly uses unspent convictions to give them less favourable terms than other policyholders, such as higher premiums.
"If firms insist on asking questions about spent convictions, then they must effectively ignore the answers they receive. Otherwise we are likely to consider they have breached their statutory duty," the Ombudsman said.
Similarly, if an insurer cancels someone's policy because they have a spent conviction they didn't disclose, a complaint will be upheld.
Thanks - i'll make sure i put them down for 5 years! "If firms insist on asking questions about spent convictions, then they must effectively ignore the answers they receive. Otherwise we are likely to consider they have breached their statutory duty," the Ombudsman said.
Similarly, if an insurer cancels someone's policy because they have a spent conviction they didn't disclose, a complaint will be upheld.
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