The Panel for the Independent Review of the 2020 General Insurance Code of Practice has released an initial Consultation Paper.

The Review’s first phase focuses on general topics that are not directly related to the 2022 floods, such as support for vulnerable customers and the interaction between the Code and existing laws, and governance, with initial findings and recommendations due by mid 2024.

The second phase of the Code Review will assess information, insights and recommendations from the Federal Parliamentary Inquiry into insurers’ responses to 2022 floods.

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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.