COB 7.7.3

Where an Insurer or an Insurance Intermediary proposes Direct Long-Term Insurance to a Retail Client, the disclosure for the purposes of this section must include:

(a) the method of calculation of any bonuses;
(b) an indication of surrender values and paid-up values, and the extent to which any such values are guaranteed;
(c) for unit-linked insurance contracts, definition of the units to which they are linked, and a description of the underlying assets;
(d) the basis of any projections included in the information; and
(e) any facts that are material to the decision to invest, including risks associated with the investment and factors that may adversely affect the performance of the investments.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]