Find Target Market Determinations (TMD) in a few clicks!
To assist our subscribers comply with Design and Distribution Obligations ( DDO) requirements from 5th October, LMI PolicyComparison now includes the ability to quickly locate and download Insurer Target Market Determinations.
What is DDO?
It is now legislated that distributors of Insurance products consider the needs of the customer though Insurers Target Market Determination when recommending insurance policies to retail customers.
Now you can compare the covers, download the PDS and consider the Target Market Determination all at the same time within LMI PolicyComparison.
Simply click on the icon and if a TMD is applicable the link will display for review and downloading. Target Market Determinations (TMD)’s are already beginning to emerge, in advance of the October deadline.
If you want to know more about TMD? LMI College has a course on that very subject, click here to enquire.
See the new features in PolicyComparison here.
If you or would like to learn more about PolicyComparison, please feel free to contact us here.
Also, we run free webinars on all of our eServices, you can see the list of webinars here.