Insurance companies are resisting a move by the Financial Services Commission (FSC) to effectively ban insurance premium financing.

Premium financing allows policyholders to pay their premiums over a longer period of time so that they don’t have to find the full annual premium up front, which can often be burdensome. A prohibition on insurance premium financing would affect several types of insurance including home, property and car. It may also affect some independent lenders.

https://www.jamaicaobserver.com/sunday-finance/insurance-companies-resist-move-to-ban-premium-financing_229855?profile=1056