As the Financial Services Authority has finally announced new rules to guide the travel insurance sales, many people suspect that this innovative cheers. In the same sense, many people may think that it is counter-productive and unnecessary. Rules, intended to provide further protection and retrieval, in the UK, the country entered into force January 1, 2009 to provide travel insurance guide. However, the situation seems determined to take off. In a few weeks of the Financial Services Authority, open to those who wish to participate as members or agency representatives will send them the door to the application. This is a necessary step, so that they can continue to sell the policy under the new rules. Why does the new rules? It was noted that passengers and as a result of bad policies will eventually have enough guidance. In the end, people want to find some features of their policies to know these things are not part of the agreement. The problems stem from the fact that travel agencies are selling Travelers insurance policy, and on holidays. In addition, any dispute, where out of what was going on, people discovered that the passengers will often find that they do not give the level of compensation. Complaint investigation and the circumstances under which the regulator concluded that the travel agency staff in sales policy is generally not on the job training. And insurance companies were not properly informed of the terms of the policy was sold to them by promoting them from. These findings inform the decision to change the rules of the game, a mandatory requirement for travel agents and members of the institution or broker to register the sale on behalf of the deck. This will require a formal staff training and who is entrusted with the sale of insurance of passengers. As for the main purpose is to many customers to provide greater protection and satisfaction, changes may lead to higher professional travel insurance sales. In addition, will help prevent financial crises that may arise from lack of coverage, failed to sell for travelers. However, the new system will not go unopposed. Although many people say that is timely and appropriate, there are groups who think that not only away from their member companies, but between them has also weakened the enthusiasm of visitors to buy the ceiling. British Insurance Travel Agents (ABTA) Association of this conviction one of them. An ABTA spokesman, recently warned that the measure may affect the staff and the public to purchase travel insurance, leading to reduced sales. "No surprise. Some of our members might stop selling insurance and fewer people will travel abroad insurance, was quoted as saying. If the claims turn true or not, remains to be seen. What is the key, it is the date of departure and ground preparation. Japanese Financial Services Agency's policy and issues director, Dan-shui says that the two companies have proposed for the start of the new regime in advance. "regulations, only 7 months later, the company should ensure that they have fully prepared. We began accepting applications for the next few months, the company encourages early applications to ensure that their new rules, starting in January next year, time to prepare, "he added. While waiting for entry into force of these standards, hoping to achieve the desired effect, particularly when is because, Mr. Waters said that the purpose of its rules is to ensure protection to clients.

Tags: Dan, financial crises, Fsa's, Insurance, Mr. Waters, Regime, Travel, travelers insurance, UK