The Insurance Council of Australia has issued a revised General Insurance Code of Practice. General principles covered by the new Code of Practice include:
Compliance with the code will be monitored by the independent Insurance
procedures, claims handling and the management of complaints or
disputes) will be conducted in a fair, transparent and timely manner.
claims or investigating complaints, the insurer will take immediate
action to correct it.
used to assess applications, claims or complaints and will have the
opportunity to correct any mistakes or inaccuracies within this
information.
also its Authorised Representatives and Service Providers meet the
standards in the Code.
Ombudsman Service to which consumers will be encouraged to contact if
they feel their insurer has breached the code.
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Posted 21st July 2005 by David Jacobson in Financial Services
