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Late Payment of Commercial Debts ( Interest) Act 1998

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FTVS | 13:58 Thu 27th Nov 2003 | How it Works
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Does this act apply to insurance policies?
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From 2002 any business irrespective of size can charge interest on late payments.If you are on "cover " then the insurer is at risk,seems fair to me.

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Late Payment of Commercial Debts ( Interest) Act 1998

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