COBS 7.7.2

Without limiting the generality of the disclosure obligation under Rules 7.5 and 7.6, an Insurer or Insurance Intermediary must, for the purpose of complying with the obligation under that section:

(a) provide to a Client information about the key features of any insurance proposed including the essential cover and benefits, any significant or unusual restrictions, exclusions, conditions or obligations, and the applicable period of cover; and
(b) explain, except where the insurance cover is sourced from a single insurer, the differences in and the relative costs of similar types of insurance as proposed.