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Published by Mathew Kaley
Sep 11, 2019 in Corporate Advisory

Deferring Add-on Insurance – Treasury releases proposal paper

The Financial Services Royal Commission recommended in February that Treasury develop an "industry-wide" Deferred Sales Model for the sale of all Add-on Insurance products. Treasury's Proposal Paper, released on 10 September 20191, sets out the details. Treasury's proposal is to apply a simple, uniform Deferred Sales Model to all types of Add-on Insurance across all channels through which they are distributed, and subject to very limited...

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