Elite withdraws from the GTA

Print This Post

7 September 2015


Master Elite Insurance Logo_(green)Elite Insurance Company Limited, current members of the Association of British Insurers (ABI) and, until today, party to the General Terms of Agreement (GTA) within the Motor Insurance sector, has withdrawn its subscription to the agreement forthwith.

The GTA formalises arrangements between subscribing insurers and credit hire organisations (CHOs) for the provision of replacement vehicles to innocent third parties, notably the Credit Hire Protocol, and is a voluntary, non-binding arrangement.

As part of a general ongoing review into all arrangements with third party service providers, Elite has decided to withdraw from this arrangement with immediate effect.

Elite CEO, Jason Smart, said, “The fees being charged by CHOs and those agreed within this arrangement are excessive and unreasonable. The cost benefit of using this arrangement going forward is commercially unviable.”



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Legal Futures Blog

Is it time solicitors started taking ethics training more seriously?

mena_ruparel

The requirement for solicitors to behave ethically in modern legal practice is more relevant than ever. Solicitors are still held in fairly high regard by the public, although that esteem is on the wane according to last year’s Trusted Professions poll by Ipsos Mori. Lawyers are less trusted than teachers and doctors but at least we prevail over accountants and bankers. We still hold a position of trust but we must work to hold that position. The current Solicitors Regulation Authority proposals to revise the Handbook are evidence that work still needs to be done.

June 21st, 2017