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COMMONWEALTHRegulation
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s 12K

Meaning of add‑on travel insurance product

In force
Part 2ADeferred sales model exemptions

12K Meaning of add‑on travel insurance product

An add‑on travel insurance product is an add‑on insurance product that provides insurance cover (whether or not the cover is restricted) in respect of any of the following:

(a)

transport or accommodation costs relating to a specified journey if the insured person does not start or complete the journey;

(b)

loss or damage to personal belongings while the insured person is on a specified journey;

(c)

a sickness or disease contracted, or injury sustained, by the insured person on a specified journey;

(d)

loss, damage or compensation for an event affecting the insured person on a specified journey that ordinarily forms a part of insurance commonly regarded as travel insurance, including loss of cash or credit cards, legal liability, hijack, kidnap or ransom.

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