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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Conduct of Business Module (COB) [VER33/07-19]
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Jul 1 2008 onwards

COB 7.7.2

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The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

Without limiting the generality of the disclosure obligation under COB section 7.5, an InsurerG or Insurance IntermediaryG must, for the purpose of complying with the obligation under that section:

(a) provide to a ClientG information about the key features of any insurance proposed including the essential cover and benefits, any significant or unusual restrictions, exclusions, conditions or obligations, and the applicable period of cover; and
(b) explain, except where the insurance cover is sourced from a single insurer, the differences in and the relative costs of similar types of insurance as proposed.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]