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Advice on regulations about collaboration between My Data service providers and insurance agencies

D’LIGHT Law Group advised whether MyData’s consignment of insurance product recommendations and insurance contracts to other insurance agents constitutes a prohibited reconsignment under the Financial Consumer Protection Act.

D’LIGHT Law Group advised the client about the clearly permitted reconsignment under the Act, and the arguments under precedents for the other range of reconsignments against possible allegations of impropriety.

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