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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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
Financial Markets Tribunal

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  • COB 7.7.2

    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]

    • COB 7.7.2 Guidance

      When deciding to what extent it is appropriate to explain the terms and conditions of a particular insurance the InsurerG or Insurance IntermediaryG should take into consideration the knowledge held by the ClientG in relation to the type of insurance in question.

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