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Prevent the automatic renewal of insurance policies at an increased premium

Submitted on Tuesday 24th October 2017

Rejected on Wednesday 22nd November 2017

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

Prevent the automatic renewal of insurance policies at an increased premium

Petition Details

It is common practice for insurance policies to automatically renew at a higher price than the original premium. If the policy is cancelled after automatic renewal there are fee penalties imposed. Customer confirmation should be required to renew insurance when the cost has increased over the year.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

Your petition seems to be calling on insurance companies, not the UK Government or Parliament, to take action.

Insurance companies are regulated by an independent regulator, the Financial Conduct Authority. You can find out more here:

www.fca.org.uk/firms/general-insurers-insurance-intermediaries

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