Romanian Life Insurers To Provide Prospective Clients With Extra Information - financiare.ro
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News » September, 2011 » 21 September 2011

Romanian Life Insurers To Provide Prospective Clients With Extra Information
21.09.2011, 20:48 | Insurance | 747 views



Romanian insurance companies and brokers will provide their prospective clients with additional information before signing them up for a life insurance policy, as of Wednesday, according to new rules issued by regulator CSA.

The clients' right to receive additional information before signing a life insurance contract is provided by CSA Order 11/2010, which amends the norms provided by Order 23/2009.

The order says the insurer must conduct an analysis of the client's financial needs, to be used in recommending a financial solution. The analysis should evaluate the client's current financial situation (income, expenses, discretionary income) as well as their long-term financial objectives and their priorities.

Read more on Mediafax.ro




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