Regulatory Alerts2016-07-13
Circular 14/2016: Information and Advice in the Sale of Life Insurance with Investment Options
The Norwegian Financial Supervisory Authority issued Circular 14/2016 to regulate information and advice requirements for life insurance products with investment options. The circular applies to life insurance companies, branches of foreign life insurers, pension funds, deposit pension companies, and insurance agents for foreign insurers. It mandates strict adherence to regulatory standards to ensure proper consumer protection during the sale of these financial products.
Circular/Guidance
Circular 14/2016
Information and advice in the sale of life insurance with investment options (pdf)
Appendix: Overview of relevant legislation and previous statements by the Norwegian Financial Supervisory Authority (pdf)
The circular applies to
Life insurance companies Branches of foreign life insurance companies (NUF) Pension funds Deposit pension companies Insurance agents for foreign insurance companies
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