Search Results | Showing 1 - 10 of 18 results for "Life Code Compliance Committee" |
| | | ... definition or guideline that sets out what constitutes a 'blanket mental health exclusion', the Life Code Compliance Committee (Life CCC) generally considers a blanket exclusion to be a broad, automatic application to all policyholders regardless ... |
| | | | ... fastest-growing cause of life insurance claims, particularly impacting younger Australians. The Life Code Compliance Committee (Life CCC) recently admonished many life insurers for continuing to apply blanket mental health exclusions despite being required ... |
| | | | ... $2.2 billion in the past year, positioning mental health as the leading cause of TPD claims. The Life Code Compliance Committee has also found that many insurers are currently using blanket mental health exclusions, rather than exploring alternative ... |
| | | | ... than 200,000 customers, nearly double the number impacted in the previous year, according to the Life Code Compliance Committee's 2023-24 annual report. Most insurers saw their breach count climb, with five companies responsible for 90% of all reported ... |
| | | | ... instances recorded, yet the body overseeing their conduct fears this is likely under-reported. The Life Code Compliance Committee (LCCC) saw another increase in the number of code breaches during 2022-23, rising 9% and amounting to 12,314. Four life ... |
| | | | ... including the moratorium in the new Life Code, meaning there will be independent oversight by the Life Code Compliance Committee and the power to sanction Code subscribers who do not comply," Briggs said. |
| | | | ... implementation of the new Life Insurance Code of Practice and ongoing independent oversight by the Life Code Compliance Committee," Briggs said. |
| | | | ... which is mandatory for all FSC's life insurance members and will be governed by the independent Life Code Compliance Committee, has been reviewed line by line and letter by letter from the starting point that every clause can be improved," FSC chief ... |
| | | | The Financial Services Council and AFCA have jointly appointed Jan McClelland as chair of the Life Code Compliance Committee (LCCC). McClelland has extensive board experience and is currently deputy chancellor at the University of New England, chair ... |
| | | | The Life Code Compliance Committee has said that life insurers appear not to be taking their obligations under the Life Insurance Code of Practice seriously. The code came into effect in 2017, with the independent committee now publishing its second ... |
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