the significant features and benefits, significant and unusual exclusions or limitations, and cross-references to the relevant policy document provisions;
the duration of the policy;
whether the GAP contract is optional or compulsory;
the date the information in (a) to (f) is provided to the customer.
1Before concluding a GAP contract, a firm should have regard to the information needs of its customers and consider whether it would be in the customer’s interest to receive the information in ICOBS 6A.1.4R again, for example, if a long time has passed between providing the information and the conclusion of the contract.