Prospect protection requires insurance products to meet customer needs, avoid adverse terms, and manage distribution conflicts effectively. Insurance product design, marketing and distribution by an IIO must account for each prospect's objectives, interests and needs. Product terms and ... Summary
Prospect protection requires insurance products to meet customer needs, avoid adverse terms, and manage distribution conflicts effectively.
Insurance product design, marketing and distribution by an IIO must account for each prospect's objectives, interests and needs. Product terms and conditions must not adversely affect prospect interests, and conflicts of interest involving intermediaries or insurance intermediaries in product distribution must be properly managed.
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