Insurance undertakings must give certain information, before or at the point of sale.\u00a0 There are detailed provisions in relation to life assurance and investment type policies.<\/p>\n
There are requirements relating to motor insurance. This included in particular requirement to get 15 days\u2019 notice of the renewal and no claims bonus certificates specifying discount.<\/p>\n
Insurance intermediaries must disclose certain information at the point of sale.\u00a0 They must disclose whether they act as agent or whether they offer advice on the basis of a fair analysis of the market.\u00a0 They are required to outline the needs and demands of the client on the basis of information furnished and give reasons why.<\/p>\n
There are limits on the requirements to fact-find and give reasons in respect of certain larger commercial general insurance.\u00a0 Information must be given to the customer in a durable form.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Regulation Insurance companies, brokers and agents operate under the same broad scheme of regulation, as financial advisors and other financial product sellers.\u00a0 There are European-wide standards applying.\u00a0 The Central Bank, now the Central Bank is the insurance industry regulator. See the sections on financial services regulation. Insurance companies must be authorised by the Central Bank […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[131],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/5280"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=5280"}],"version-history":[{"count":0,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/5280\/revisions"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=5280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=5280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=5280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}