In this section, ‘renewal’ means carrying forward a policy, at the point of expiry and as a successive or separate operation of the same nature and duration as the policy, with the same insurance intermediary or the same insurer.
in a way that is consistent with the presentation of (a) so that they can be easily compared:
where one or more mid-term changes were made to the policy which the firm proposes to renew, an amount calculated by annualising (or otherwise adjusting as appropriate to the duration of the proposed policy) the premium in effect following the most recent mid-term change, excluding all fees or charges associated with those mid-term changes;
a statement alongside (a) and (b) indicating that the consumer:
should check that the level of cover offered by the renewal is appropriate for their needs; and
is able, if they so wish, to compare the prices and levels of cover offered by alternative providers
Where the proposed renewal will be the fourth or subsequent renewal the consumer has entered into in respect of the policy, the firm must include the following statement, to appear alongside the matters required by (3)(a), (b) and (c)(i) (but omitting (c)(ii)): “You have been with us a number of years. You may be able to get the insurance cover you want at a better price if you shop around.”
The firm must communicate the information in (3) and (4):