Assistant Treasurer releases draft regulations for insurance duty of disclosure notices

more+
less-

The Minister for Finance and Acting Assistant Treasurer, Senator the Hon Mathias Cormann, has released for consultation the draft regulations for the insurance duty of disclosure notices addressing the Insurance Contracts Amendment Act 2013.  The draft regulations provide the proposed notices that adopt the changes to the duty of disclosure brought about by the Amending Act.  The draft regulations include:

- written notices in relation to:

  • contracts of general insurance, life insurance and eligible contracts of insurance;
  • the duty of disclosure for a person who will be insured by others; and

- an oral notice in relation to eligible contracts of insurance.

Submissions close on Friday 27 June 2014.  To read more please click here.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© DLA Piper | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×