The PMI panel has announced the final stage of voting for intermediary representation, which will result in three intermediaries being elected to the panel.
Eleven intermediaries were nominated in the first round of voting. To determine which of these 11 will be elected to the panel, intermediaries are invited to vote for the three nominees who they believe best represent the diverse views of their market sector.
The decision to include intermediaries on the PMI panel was made following feedback from the industry seminars held by the panel. These were ran last summer to announce the developments made in response to the Office of Fair Trading’s reports on health insurance.
The panel believes it is important to include intermediaries because the work it is undertaking affects all areas of the market. As an example, one of its sub-groups is presently working on a code of practice for the industry for which it is keen to gain intermediary approval.
The PMI panel, then called the PMI working party, was created in 1998 to address issues raised in the Office of Fair Trading’s second report on health insurance.
Its members include representatives from the majority of private medical insurers and this inclusiveness marked a first for the industry.
It has worked on a range of issues relating to the industry including; a guide to PMI for consumers; a guide to products; an underwriting leaflet; a set of common definitions and a code of practice.
Further details of the nominees and how to vote are included on page nine.