The new Code of Practice is effective from 1 July 2021.
Until then, the 2014 Code of Practice remains active.
The new Code of Practice is effective from 1 July 2021. Until then, the 2014 Code of Practice remains active.
The General Insurance Code of Practice was introduced in 1994 by the Insurance Council of Australia as a voluntary Code and it has been regularly reviewed and updated.
It sets out the standards that general insurers must meet when providing services to their customers, such as being open, fair and honest. It also sets out timeframes for insurers to respond to claims, complaints and requests for information from customers.
The Code is intended to be a positive influence across all aspects of the general insurance industry including product disclosure, claims handling and investigations, relationships with people who are experiencing vulnerability, and reporting obligations.