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ICOBS 6 Annex 1 Responsibilities of insurers and insurance intermediaries in certain situations

R

This annex belongs to ICOBS 6.1.4 R

The table in this annex modifies the general rules on the responsibilities of insurers and insurance intermediaries for producing and providing to a customer the information required by this chapter.

Situation

Insurance intermediary's responsibility

Insurer's responsibility

(1)

Insurance intermediary operates from UK establishment

Insurer does not operate from UK establishment

Production and providing

None

(2)

Insurance intermediary does not operate from UK establishment, is not authorised, is selling connected contracts or is authorised professional firm carrying on non-mainstream regulated activities

Insurer operates from UK establishment

Customer habitually resident in the

EEA

None

Production and providing (but no policy summary is required unless the insurance intermediary does not operate from a UK establishment)

(3)

As (2) but customer habitually resident outside the EEA and insurer not in contact with the customer

None

None

(4)

As (2) but customer habitually resident outside the EEA and insurer in contact with the customer

None

Production and providing

(5)

Insurance intermediary does not operate from UK establishment

Insurer does not operate from UK establishment

None

Production and providing

1(6)

Where ICOBS 6.1.12AR applies

Production and providing, as appropriate, where dealing with a consumer on renewal

Production and providing, as appropriate, where dealing with a consumer on renewal