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Insurance

Life Insurance Code targets self-regulation

An independent committee will have the ability to sanction insurers who do not comply with a new set of standards laid out in an industry-wide Life Insurance Code of Practice produced by the Financial Services Council (FSC).

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Read more: FSCLife Insurance Code of PracticeFinancial Services CouncilAPRAASFAAustralian CompetitionAustraliansCode of Practice TrowbridgeConsumer Commission forJohn TrowbridgeLife Code Compliance CommitteeLife Insurance FrameworkSally Loane