BIBA and AMII launch PMI authorisation form template

It is designed to tackle the problem of letters of authority being mistaken for letters of appointment and includes a new standard review period of 90 days. The bodies believe it clearly establishes the options a customer has in dealing with a new broker, and where a customer only wishes a new intermediary to review their existing policy, sets out a clear timescale. Commenting, Andrew Tripp, chairman of AMII, said: "This new standard form will improve consumer confidence in our profession and bring a level of uniformity across the market in how letters of authority or appointment are ...