An insurance available to local authorities to protect them in respect of their legal liability to vehicle owners whose vehicles they have removed as abandoned.

A distance contract to provide advice or information on non-investment insurance contracts, other than simply as part of the marketing stage in the sale of a contract. Specific FSA rules (ICOB 8) apply to these contracts with retail customers to implement the Distance Marketing Directive although such contracts rarely arise in the retail market.

Sales that are not conducted face-to-face, such as sales through the post, over the Internet or telephone or by fax or digital television. FSA rules take account of the Distance Marketing Directive. The initial contact disclosure for telephone sales involves disclosing the name of the firm, and, if the contact is initiated by the firm, the purpose of the contact. The name of the person in contact with the customer must also be given and his link with the firm. See DISTANCE NON-INVESTMENT MEDIATION CONTRACT.

the means by which a direct insurer markets its products to prospective policy holders (for example, agents, brokers, branches).

Factor in the rating of motor insurance premiums. The incidence of vehicle accidents varies directly with the density of the population in given districts. Private car insurers generally divide the country into six districts for this purpose while commercial vehicle insurers use three districts for goods-carrying vehicles.

The provision of Lloyd’s Act 1982 that the Council of Lloyd’s shall not permit a Lloyd’s broker to continue to act in that capacity if it is associated with a managing agent.