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Pocketmags Digital Magazines
Pocketmags Digital Magazines

IoM eases pressure over commission disclosure

Insurance companies will only have to give intermediary commission cost at the end of the sales process

The new business code was amended to take into account industry feedback

International insurance companies headquartered on the Isle of Man will only need to spell out to customers how much commission they will have to pay to intermediaries over the life of the product at the end of the sales process.

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