For views on the proposed amendments to the Insurance (Conduct of Business)(Long Term Business) Code 2018.
Respondents found our proposed approach acceptable.
We finalised the Insurance (Conduct of Business)(Long Term Business) Code 2021 for implementation on 1 July 2021.
The purpose of the consultation is to obtain views in relation to the proposed replacement of the Insurance (Conduct of Business)(Long-Term Business) Code 2018 with the Insurance (Conduct of Business)(Long-Term Business) Code 2021 which includes amendments to the exemptions within the code.
We are consulting to obtain stakeholders’ views on the Authority’s proposals.
When the consultation period has closed, the Authority will review the responses received and publish a Consultation Response document.
Subject to the responses, the Authority will proceed to make the Insurance (Conduct of Business)(Long-Term Business) Code 2021 for implementation on 30 April 2021.
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