An article in the Estates Gazette from 1995 ended with the following paragraph:(posted 8540 days ago)"Following the collapse in the property market, and with such clear court decisions, it is no surprise that the whole concept of MIG insurance has now altered. The fee charged to borrowers used to be called a premium. Significantly, in 1994, this was changed to an additional mortgage security fee so as to avoid confusion. In no way does it relate specifically to a premium or contract."
My query, why was it so significant that the fee name was changed and that it does not relate to a contract?