Recommendations – Insurance

Recommendation 4.1 — No hawking of insurance

Recommendation 4.2 — Removing the exemptions for funeral expenses policies

Recommendation 4.3 — Deferred sales model for addon insurance

Recommendation 4.4 — Cap on commissions

Recommendation 4.5 — Duty to take reasonable care not to make a misrepresentation to an insurer

Recommendation 4.6 — Avoidance of life insurance contracts

Recommendation 4.7 — Application of unfair contract terms provisions to insurance contracts

Recommendation 4.8 — Removal of claims handling exemption

Recommendation 4.9 — Enforceable code provisions

Recommendation 4.10 — Extension of the sanctions power

Recommendation 4.11 — Cooperation with AFCA

Recommendation 4.12 Accountability regime

Recommendation 4.13 — Universal terms review

Recommendation 4.14 — Additional scrutiny for related party engagements

Recommendation 4.15 — Status attribution to be fair and reasonable

142 thoughts on “Recommendations – Insurance”

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