Deferred sales model for add-on insurance RG 275 uncovers what you need to know about the regulations and what procedures affected issuers and distributors will need to put in place.
The federal government and ASIC have taken steps to improve customer outcomes in the add-on insurance market. Following reviews by ASIC, the ACCC, and the Financial Services Royal Commission, a deferred sales model (DSM) is being implemented.
The aim is for the new sales model to give consumers more time to decide whether the add-on insurance they are being offered represents good value and is right for them. Discover who is in scope, what products the DSM does and doesn’t apply to, and what procedures affected issuers and distributors will need to put in place.
What you will learn
- Who is required to comply with the deferred sales model (DSM)
- Classes of add-on insurance products captured or specifically exempted from the DSM
- Permitted versus prohibited conduct in the various stages of the DSM process
- Key points for impacted businesses contained in RG 275 The deferred sales model for add-on insurance.
Recognition of Prior Learning
You will be awarded a Certificate of Completion. It will be available online for you to download and print immediately.
CPD Area: Regulation