Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 57 results for "Life Insurance Code of Practice"

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
... payout ratios, pricing, and corporate strength)." The APL standard follows the FSC releasing its Life Insurance Code of Practice, along with a new set of standardised medical definitions, in July. The new definitions for cancer, heart attack and stroke ...

Industry split on life insurance cover: Poll

KARREN VERGARA  |  MONDAY, 18 DEC 2017
... operates alongside existing laws and regulations, as well as the Financial Services Council's Life Insurance Code of Practice, will come into effect on 1 July 2018. The code supports preventing account balances from unnecessary erosion by automatically ...

Super life code released

KARREN VERGARA  |  MONDAY, 18 DEC 2017
... in Superannuation Working Group is urging superannuation trustees to sign up to its voluntary life insurance code of practice, which will come into effect 1 July 2018. To eschew account balance erosion, super trustees under the code will contact members ...

Genetics will test life insurance sector

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2017
... life insurance is unique, with local life companies abiding by the Financial Services Council's life insurance code of practice. This prohibits them from requiring applicants to take a genetic test and stops insurers discriminating against an applicant ...

TAL equips advisers with cancer education

KARREN VERGARA  |  WEDNESDAY, 13 SEP 2017
... requirements at claims time will also be explained, along with minimum definitions as set out by the Life Insurance Code of Practice. The one-hour long webinar carries one CPD point accredited via the Association of Financial Advisers (AFA) and the Financial ...

Group insurance inaction is "robbery": Inquiry

KARREN VERGARA  |  FRIDAY, 8 SEP 2017
... hearings, the Committee has expressed its concerns over the limits of the Financial Services Council Life Insurance Code of Practice which doesn't cover group insurance. CommInsure, an FSC member, has adopted the code. AMP appeared at the last hearing ...

Insurers held to account with new FSC code

ALEX BURKE  |  MONDAY, 3 JUL 2017
The Financial Services Council rolled out its Life Insurance Code of Practice, along with a new set of standardised medical definitions, on July 1. The new definitions for cancer, heart attack and stroke in trauma and critical illness policies were ...

Life insurance claims handling must improve: ISWG

JAMIE WILLIAMSON  |  FRIDAY, 7 APR 2017
... around claims handling. Releasing the second of its discussion papers around the development of the Life Insurance Code of Practice for superannuation trustees, the Group states that claimants become entwined with a group of stakeholders with differing ...

Life code needs work: ASIC

ALEX BURKE  |  THURSDAY, 30 MAR 2017
The Life Insurance Code of Practice should be expanded, according to ASIC deputy chair Peter Kell. Speaking on a panel at the 2017 Financial Services Council Life Insurance Conference in Sydney, Kell said that there is still "an enormous amount to be ...

New life insurance standards for super

KERRIE SYDEE  |  THURSDAY, 3 NOV 2016
... Intent, outcomes from a roundtable of key stakeholders held in Canberra on 10 October and the Life Insurance Code of Practice.