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BC-2.6.2

Past version: Effective from 01 Jul 2007 to 30 Sep 2007
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Before customers make their final commitment to enter into a contract of insurance, licensees must provide to the customer full details of costs of the insurance products and services being offered, including:

(a) The level of insurance premiums, the periodicity of payment and any grace periods allowed for payment;
(b) The consequences of discontinuing the payment of any premium; and
(c) Any fees and charges other than the insurance premium.
Amended: January 2007