FOIL update September 2012: OFT refers private motor insurance to the Competition Commission.

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Following consultation on its provisional decision in May to refer the UK private motor insurance market to the Competition Commission (CC), the OFT has now made a final decision that the referral should be made.

This article provides:

- Background information.

- Responses to the consultation.

- Availability of remedies.

- The terms of reference.

- Conclusion.