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Showing 51 - 60 of 65 results for "Insurance Code of Practice"

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.

New life code could go further: lawyer

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2016
Prominent legal firm Slater and Gordon believes the Life Insurance Code of Practice is a missed opportunity to fix serious systemic problems in the industry. Several life insurers welcomed the Code issued by the Financial Services Council (FSC) yesterday ...

Life Insurance Code targets self-regulation

MARK SMITH  |  TUESDAY, 11 OCT 2016
... 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). The new code, released today, goes beyond what is required by law, mandating ...

Industry bodies united on group insurance

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2016
On the eve of the Financial Services Council publishing its Life Insurance Code of Practice, industry bodies have collectively reinforced their beliefs on the purpose of group insurance in superannuation. The Association of Superannuation Funds of Australia ...

Mark Dunsford attacks FSC over life reforms

JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2016
... provide an appropriate transition over two years." The FSC has also recently released its draft Life Insurance Code of Practice for public consultation. The code considers all life insurance services and policy types, including TPD, trauma, disability ...