FSC Life Insurance Draft Code of Practice
On Monday 12 November, the FSC released the new draft Life Insurance Code of Practice for public consultation. The draft Code will be open for consultation until 31 January 2019. Click here to download a copy of the Code and the consultation questionnaire.
About the Code
The Life Insurance Code of Practice is mandatory for all FSC member life insurers. The Code is enforced by the independent Life Code Compliance Committee which is administered by the new consumer complaints body, the Australian Financial Complaints Authority (AFCA).