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European Insurance and Occupational Pensions Authority

Communication with customers regarding the assessment of suitability

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CHAPTER III > SECTION 1

Article number:  11

Insurance intermediaries and insurance undertakings shall not create any ambiguity or confusion about their responsibilities in the process of assessing the suitability of insurance-based investment products in accordance with Article 30(1) of Directive (EU) 2016/97. Insurance intermediaries and insurance undertakings shall inform customers, clearly and simply, that the reason for assessing suitability is to enable them to act in the customer's best interest.

Related regulation

Metadata

RULEBOOK TOPIC:  SECTION 1 - Assessment of suitability

RULEBOOK CATEGORY:  Delegated Regulation (EU) 2017/2359 (on the requirements related to insurance-based investment products)

Last update on:  14 Jan 2021