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Showing 31 - 40 of 57 results for "Life Insurance Code of Practice"

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... of Practice is sufficient to protect the interests of fund members. Further, they asked if the Life Insurance Code of Practice should be extended to update medical definitions be extended to products other than on-sale products. The Corporations Act ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... assessors shouldn't be placed in the same category as financial advisers. She said however the life insurance code of practice included provisions on how claims assessors should behave. Loane said if the code - which was introduced in 2016 - failed ...

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... poor consumers outcomes. In response to the report ASIC handed down yesterday, the FSC said its Life Insurance Code of Practice has "lifted the bar" in the industry but concedes "there is still room for improvement." The FSC rolled out the code, along ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... years. Further, KPMG forecasts public trust will be an ongoing issue and additions to the 2017 Life Insurance Code of Practice will be made.

FSC aggregates insurance industry data

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
... executives of insurance groups that are also members of the FSC. Superannuation funds added to Life Insurance Code of Practice The FSC has also added the Insurance in Superannuation Voluntary Code of Practice as a stand-alone chapter to its Life Insurance ...

Life insurance regulation needs government backing: Poll

KARREN VERGARA  |  WEDNESDAY, 2 MAY 2018
... by DST Systems, a large number of respondents (85%) want to engage with ASIC to strengthen the Life Insurance Code of Practice. About half (47%) said the industry should start working with the regulator now to improve provisions within the code. About ...

Lawyers slam life insurers in Royal Commission

KARREN VERGARA  |  FRIDAY, 6 APR 2018
... Lawyers' submission to the banking Royal Commission. There have been more than 700 breaches of the Life Insurance Code of Practice in the short time it took effect on 1 July 2017, Maurice Blackburn principal Josh Mennen said. The law firm detailed a ...

PJC doubts life insurance industry can self-regulate

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
... definitions, customer communication timeframes and mental health - are either already included in the FSC Life Insurance Code of Practice or will be adopted in the second iteration. ASFA chief executive Martin Fahy also said many of the PJC's recommendations ...

FSC honours life insurance industry talent

KARREN VERGARA  |  WEDNESDAY, 21 MAR 2018
... Loane said: "Following significant change last year that saw the introduction of the first FSC Life Insurance Code of Practice, the life insurance industry continues to progress a strong consumer reform agenda in 2018." The awards recognise the significant ...

FSC and FOS appoint former ASX chief risk officer

ALEX BURKE  |  TUESDAY, 30 JAN 2018
... Ombudsman Service named the chair of the committee tasked with overseeing the implementation of the Life Insurance Code of Practice. Anne Brown joins the Life Code Compliance Committee (LCCC) while also serving as a member of ASIC's markets disciplinary ...