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MPPI standards come into force

The new standards governing mortgage payment protection insurance policies take effect from today.


The standards are being introduced following a joint initiative between the Council of Mortgage Lenders and the Association of British Insurers.


All new policies will comply with the standards, but many companies have complied in advance of the July 1 deadline.


The final deadline for upgrading existing policies to meet the new standards is July 2001.


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