No Claims Discount (Bonus) – Reminder to send in your annual return in January 2020

This is just a further reminder, following our newsletter in December, if you have already submitted the return, you do not need to take any further action.

Otherwise, you will remember that, from the 1 August 2016, the Competition & Markets Authority (CMA) Private Motor Insurance (PMI) Order came into force, in relation to No Claims Discount (NCD) protection. This Order affects all policies written as private car products (excluding motor cycle and classic car) where No Claims Discount (NCD) protection is offered (unless such protection is integral to the product).

If you have not done so already, you need to submit your annual declaration by 01.02.20, along with NCD tables for the insurers that you arrange private car business with, where NCD protection applies (excluding motor cycle and classic car).

You can complete this online at https://www.gov.uk/government/publications/private-motor-insurers-and-brokers-compliance-reporting-form

The statement needs to be supported by tables confirming the average NCB provided by each insurer.

If you need any help or guidance, do please get in touch. Otherwise, you need to ensure that you have submitted the declaration before the deadline.