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 | [CO 11-842]
| Submissions | |
1 |
Brotherhood of St Laurence |
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2 |
Consumer groups (summary of verbal comments) |
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3 |
Insurance Council of Australia |
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4 |
National Insurance Brokers Association |
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5 |
QBE Insurance (Australia) Limited |
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6 |
Suncorp-Metway Ltd |
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7 |
Westpac Banking Corporation |