Class 5 (P&I) and Class 8 (FD&D) Open Policy Years (5.440)

This circular sets out London P&I’s decisions on open policy years for class 5 (P&I) and class 8 (FD&D), together with the call position for the 2012/2013 policy year.

It also explains the general increase in annual call rates, the approach to deductibles and the payment details members and brokers should use when settling remittances.