CP 144 Giving a PDS in telephone sales of general insurance products

Released 28 October 2010. Comments closed 9 December 2010.

This consultation paper:

  • sets out relief we are considering to change the time when a general insurer or its authorised representatives must give a Product Disclosure Statement (PDS) if a quote is given to a retail client for a general insurance product during a telephone call. A quote may be an invitation to apply for a particular general insurance product and therefore an offer to issue that product; and
  • seeks the views of consumers, product issuers and financial services professionals.

Download the paper (PDF) | Read the advisory | Read the report on submissions | View [CO 11-842]

  Submissions

1

Brotherhood of St Laurence

2

Consumer groups (summary of verbal comments)

3

Insurance Council of Australia

4

National Insurance Brokers Association

5

QBE Insurance (Australia) Limited

6

Suncorp-Metway Ltd

7

Westpac Banking Corporation

Last updated: 28/10/2010 12:00