Content Options

View Options

Status: You are viewing the version of the handbook as on 2005-06-30.

ICOB 2.7 General provision related to distance contracts

ICOB 2.7.1R

During the course of a distance contract with a retail customer, the making of which constitutes or is part of a non-investment insurance contract:

  1. (1)

    the firm must, at the retail customer's request, provide a paper copy of the contractual terms and conditions of the non-investment insurance contract; and

  2. (2)

    the firm must comply with the retail customer's request to change the means of distance communication used, unless this is incompatible with the non-investment insurance contract concluded or the service being provided by the firm.1

ICOB 2.7.2R

1A firm must ensure that information provided to a retail customer before the conclusion of a distance contract about his contractual obligations under that contract conforms with the contractual obligations that would be imposed on him under the law applying if the contract were concluded.