General Insurance Code of Practice.

IThis version of the General Insurance code of Practice took effect on 1 July Board of the Insurance Council of Australia is pleased to support this significant revision of the General Insurance code of code was first introduced in 1994 and has undergone multiple improvements to ensure it remains relevant and continues to meet its objectives. The current code follows a wide-ranging 12-month independent review of the code s efficacy and its position within the General Insurance industry. Both the review process and the development of the revised code involved extensive consultation with a broad range of consumer, government and industry stakeholders to ensure the code works for all changes made to the code in 2014 enhance and clarify the rights of consumers. The code is written in plain English. It sets out clearer processes for making claims and complaints, and stronger and more detailed obligations for insurers to provide assistance to those experiencing financial code is supported by a transparent and independent governance framework to ensure code compliance is effectively monitored and enforced.

i This version of the General Insurance Code of Practice took effect on 1 July 2014. The Board of the Insurance Council of Australia is pleased to support this significant revision of the

Loading..

Tags:

  General, Code, Practices, Insurance, General insurance code of practice

Information

Related search queries