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Insurance Backed GuaranteeScheme TermsAbout this insurance: The Insurance Backed Guarantee product you will give to your customers falls under the remit of the Financial Conduct Authority (FCA). As
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Insurance is a financial product that provides compensation for specified losses or damages in exchange for a premium payment.
Individuals or businesses that wish to obtain insurance coverage are required to file an application with an insurance provider.
To fill out an insurance application, provide personal details, specify the type of coverage needed, and disclose any relevant information as required by the insurer.
The purpose of insurance is to provide financial protection against potential losses or damages, ensuring peace of mind for individuals and businesses.
Information that must be reported includes personal identification details, coverage requirements, risk factors, and any previous insurance claims or issues.
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