ASIC requirements for telephone sales of general insurance products

ASIC has made class order relief to permit a Product Disclosure Statement (PDS) for a general insurance product to be provided after the quote is given during a telephone call. Relief provided by Class Order [CO 11/842] applies the requirement to give a PDS differently depending on whether the client wants to be given a PDS at or around the time the quote is given. Under the relief, the client can choose to receive the PDS, and, if they do, the general insurer or intermediary must give a PDS as soon as practicable after the quote is given. This means that the PDS can be given after the telephone call. The relief given by ASIC does not affect the time at which a PDS must be given if a quote is given during an unsolicited telephone call, or is otherwise unsolicited by the retail client.

Read more detail on Recent Business Law Posts –

Legal notice about the ASIC requirements for telephone sales of general insurance products rubric : Hukuki Net Legal News is not responsible for the privacy statements or other content from Web sites outside of the Hukuki.net site. Please refer the progenitor link to check the legal entity of this resource hereinabove.

Do you need High Quality Legal documents or forms related to ASIC requirements for telephone sales of general insurance products?

This entry was posted in Business law and tagged , , , , , , . Bookmark the permalink.

Leave a Reply