Insurance: MEPs to call for honest advice and an end to small print
New rules on how insurance brokers and salesmen should advise clients will be debated on Tuesday and voted on Wednesday. By updating an existing EU directive, MEPs aim to put an end to unfair or misleading information, including small print and marketing communication, and further harmonise rules on how insurance is sold in Europe.
Insurance buyers should receive unambiguous information about the identity and contact details of the insurance seller, their obligations under the contract, the risks insured and excluded and means of payments and premiums. The update pays special attention to insurance sold in packages.
Debate: Tuesday, 25 February
Vote: Wednesday, 26 February
Procedure: Co-decision (Ordinary legislative procedure), first reading, amendments only
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