Consultation paper - Conduct of Business Code for Non-Long Term Insurance
The Isle of Man Financial Services Authority has today issued a further consultation paper CP17-11/T01 on the draft Insurance (Conduct of Business) (Non-long Term Insurance) Code 2017 (“the Code”). The enhanced conduct of business requirements will develop the Island’s existing regulatory framework to enhance the fair treatment of policyholders and have been consulted upon previously within CP17-01/T01. As a result of the consultation feedback, the Code has been refined, and a revised draft of the Code is now issued for a final consultation.
The closing date for comments is 2nd February 2018.