Question

The General Insurance Code of Practice covers many aspects of a customer's relationship with their insurer. When is the latest version effective from, what month year?

Option 1: January 2021
Option 2: July 2018
Option 3: July 2021
Option 4: January 2019

Answer 1

The General Insurance Code of Practice sets standards for the customer-insurer relationship. The latest version is effective from January 2021.

Step-by-step explanation:

The General Insurance Code of Practice is not specifically mentioned in the provided reference. However, the General Insurance Code of Practice is a voluntary code that sets out the standards and responsibilities that insurance companies must follow when dealing with their customers. It covers various aspects of the customer-insurer relationship, including claims handling, dispute resolution, and complaints handling.

Regarding when the latest version of the General Insurance Code of Practice is effective from, the correct option is Option 1: January 2021. This means that the latest version of the code came into effect in January 2021.