PART VIExempt Communications: Certain Controlled Activities
F1Insurance product offers communicated to employees by employers72B
1
If the requirements of paragraph (2) are met, the financial promotion restriction does not apply to any communication which is made by an employer to an employee in relation to work-related insurance.
2
The requirements of this paragraph are that—
a
where the provider of the insurance is not the employer, the employer has not received, and will not receive, any direct financial benefit as a result of making the communication; and
b
in the case of a non-real time communication, the communication contains, or is accompanied by, a statement informing the employee of their right to seek advice from an authorised person or an appointed representative.
3
In this article “work-related insurance” includes—
a
life assurance;
b
long term disability insurance (also known as permanent health insurance); and
c
accidental death, injury, critical illness, medical, dental, income protection or travel insurance.