s 12L
In forceMeaning of business‑related add‑on insurance product
Part 2ADeferred sales model exemptions
12L Meaning of business‑related add‑on insurance product
An add‑on insurance product is a business‑related add‑on insurance product if:
(a)
the add‑on insurance product is offered or sold to a consumer in connection with the consumer acquiring, or entering into a commitment to acquire, another product or service in the course of carrying on a business; and
(b)
the price of the add‑on insurance product exceeds $1,000.
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