SRA to close ARP loophole


The trade body has written to all qualifying insurers to inform them of its intention to change the agreement.

A spokeswoman for the SRA said: "We have recently become aware of a gap in the QIA regarding the declaration of Relevant Premium Income (RPI) connected with multi-year policies which, if unaddressed, could unfairly skew the Assigned Risks Pool (ARP) percentage participations for 2011/12.

Under the current wording of the QIA 2011, the premium due under a policy of Qualifying Insurance

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