Entire Section

  • COB 7.7.2 COB 7.7.2

    Without limiting the generality of the disclosure obligation under COB section 7.5, an Insurer or Insurance Intermediary must, for the purpose of complying with the obligation under that section:

    (a) provide to a Client information about the key features of any insurance proposed including the essential cover and benefits, any significant or unusual restrictions, exclusions, conditions or obligations, and the applicable period of cover; and
    (b) explain, except where the insurance cover is sourced from a single insurer, the differences in and the relative costs of similar types of insurance as proposed.
    Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

    • COB 7.7.2 Guidance

      When deciding to what extent it is appropriate to explain the terms and conditions of a particular insurance the Insurer or Insurance Intermediary should take into consideration the knowledge held by the Client in relation to the type of insurance in question.

      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]