MOBILE TELEPHONE INSURANCE
Coffin Mew LLP have a specialist knowledge of the law and regulation affecting the mobile phone insurance market.
The regulation of the arranging and sale of mobile phone insurance depends critically upon whether the insurance is limited to the cover of breakdown, loss or damage to the phone (and nothing more) and is arranged by the person who is supplying the mobile phone. In these circumstances it is possible to structure a mobile phone insurance scheme without the retailer being required to be regulated by the Financial Services Authority – but great care is required!
Coffin Mew LLP have very considerable expertise in the structure and operation of mobile phone insurance schemes benefiting from exemption from Financial Services Authority Regulation.
In other circumstances the arranging and sale of mobile phone insurance will be subject to Financial Services Authority regulation – and in these circumstances Coffin Mew LLP’s specialist knowledge of the regulation of retail markets for general insurance – please follow this link for further details will be critical to any mobile phone network, distributor or retailer.