CIPR 6.5.7 Non-investment insurance — group policies
An authorised firm must do the following things promptly after finalising a group policy:
(a) give the policyholder a contract document that contains the terms of the contract;
(b) instruct the policyholder (in a durable medium) to inform each person covered by the contract that a copy of the document is available from the policyholder on request;
(i) give a copy of the relevant key information document to each person covered by the contract; or
(ii) instruct the policyholder (in a durable medium) to give a copy of that document to each such person;
(d) if the contract replaces a previous group policy — instruct the policyholder to inform each person covered by the contract about any changes to the information in the policy summary.
|Derived from QFCRA RM/2019-2 (as from 1st January 2020).|