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Scot Prov gives DMD assistance

From October 9 2004 intermediaries selling protection will have to comply with the DMD as part of Financial Services Authority regulation of protection and general insurance.

The DMD means that for sales that take place in any form other than face-to-face, brokers should ensure clients have a copy of all terms and conditions before the contract is signed.

Scottish Provident implemented DMD early, on September 19, to minimise hassle for brokers by making all relevant brochures available along with quotes through the QUOD quotations system online at www.scotprov.co.uk.

Brokers will be able to access documents including policy provisions whenever they generate a quote.

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