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The number of accidents involving HGV or heavy goods vehicles has risen, particularly on days where rain and fog makes visibility and driving an issue for drivers.

By:
arnaveedl

Finance>
Insurancel
Nov 24, 2010

Authorisation of the Insurer in the United Kingdom

An insurance company carrying on the business of insurance in the United Kingdom must be authorised by the Department of Trade and Industry under Sections 2 and 3 of the Insurance Companies Act 1982 (“the Act”) and the Insurance Companies Regulations (1981). “Carrying on insurance business” would extend beyond simply underwriting, to cover running off the account and paying claims.