Car dealers urged to ensure GAP insurance rules compliance

10th August 2015 | 4 Comments

The NFDA has urged dealers to ensure their compliance with new regulations governing the way in which Guaranteed Asset Protection (GAP) insurance is sold to consumers. Set out by the Financial Conduct Authority (FCA), the new rules are due to come into effect on 1 September 2015. Dealers will be required to explain that customers must return to the dealership four days after purchasing their car if they want GAP insurance.

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Category: Legislation

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