Common use of Standards and Practices Clause in Contracts

Standards and Practices. The Code includes standards and practices relating to each General Principle which licensed insurance agents are ordinarily expected to adopt in carrying on regulated activities (the “Standards and Practices”). The Standards and Practices are either stated specifically in the Code or are incorporated into the Code by reference to other guidelines or codes issued by the IA, other regulators or professional bodies. A summary of the Standards and Practices set out in the Code is below, however, this is not an exhaustive summary and the Code should always be referred to in full: (▇▇▇▇▇://▇▇▇.▇▇.▇▇▇.▇▇/en/supervision/reg_ins_intermediaries/files/Agent_Code_Eng.pdf)