Life Insurance Code Compliance Committee Releases First Annual Report Under the New Code of Practice
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The Life Insurance Code Compliance Committee (Life CCC) prioritised supporting a smooth transition to the new Code of Practice in 2022-23, according to its Annual Report.
The Annual Report 2022-23, published today, noted how the work of the Life CCC helped life insurers to proceed with clarity in aligning systems, processes and practices to new obligations in the Code.
The new obligations and additional consumer protections came into effect on 1 July 2023.
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