Regulatory Alerts2022-03-28 | RG-275RG 275 The deferred sales model for add-on insurance
The Australian Securities and Investments Commission issued Regulatory Guide 275 to provide guidance for issuers and distributors of add-on insurance on complying with the deferred sales model. The document outlines the specific requirements providers must meet and details how the regulator will evaluate applications for exemptions from these rules. It also references related instruments and consultation papers that support the implementation of these regulatory changes.
Issued 28 July 2021
This guide is for issuers and distributors of add-on insurance.
It provides guidance on the requirements that apply to providers of add-on insurance when complying with the deferred sales model, and how ASIC will approach applications for exemption from the deferred sales model.
Download
RG 275 (PDF 1.16 MB)
Attachment 1 to RG 275 - Compliant form for hard copy provision of Customer Information (PDF 138 KB)
Attachment 2 to RG 275 - Data template for applications for exemption from the deferred sales model for add-on insurance (Excel 92 KB)
Related documents
ASIC (Information under the Deferred Sales Model for Add-On Insurance) Instrument 2021/632 and explanatory statement
Consultation paper 339 Implementing the Royal Commission recommendations: The deferred sales model for add-on insurance
Report 695 Response to submissions on CP 339 on the deferred sales model for add-on insurance