IF5 — Motor Insurance Products

IF5 — Motor Insurance Products

Specialist unit covering UK motor insurance products and the regulatory framework governing them.

Syllabus

• Road Traffic Act — compulsory insurance requirements
• Policy types — third party only, third party fire & theft, comprehensive
• No claims discount — NCD protection, step-back, proof of NCD
• Claims — Motor Insurers’ Bureau (MIB), personal injury, credit hire