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Crispin Passmore misses the point. If a firm doesn't do conveyancing work, that is reflected in the PII premium. His argument that firms might be paying for something they don't need is seriously flawed. Likewise for cover relating to financial institutions.

The data underpinning the SRA's propoals is seriously flawed as has been consistently been pointed out by those who understand insurance better than the SRA does.

And as for 'disorderly closures', the closing down of a firm in most cases can and should be planned and budgeted for. The need for run-off is hardly a surprise!


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