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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Conduct of Business Module (COB) [VER33/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • COB 7.4 Client's Duty of Disclosure

    • COB 7.4.1

      An InsurerG or Insurance IntermediaryG must explain to a ClientG :

      (a) the Client'sG duty to disclose all circumstances material to the insurance both before the insurance commences and during the continuance of the policy; and
      (b) the consequence of any failure by the ClientG to make such disclosures.
      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

    • COB 7.4.2

      An Insurance IntermediaryG must explain to a ClientG that all answers or statements given on a proposal form, claim form or any other relevant document are the Client'sG own responsibility and that the ClientG is responsible for checking the accuracy of such information.

      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

    • COB 7.4.3

      If an Insurance IntermediaryG believes that any disclosure of material facts by a ClientG is not true, fair or complete, it must request the ClientG to make the necessary true, fair or complete disclosure, and if this is not forthcoming must consider declining to continue acting on that Client'sG behalf.

      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]