EIOIPA issued a question and answer (Q&A) on the comprehension alert in the Key Information Document (KID) for Insurance-Based Investment Products (IBIPs). The question answers the conditions that should be used to determine whether a comprehension alert needs to be included in KID for an IBIP. As stated in the Packaged Retail and Insurance-Based Investment Products (PRIIPs) KID Delegated Regulation, a comprehension alert would need to be included in the KID where an IBIP does not meet requirements on non-complexity laid down in the IDD.
Related Link: Q&A (PDF)
Keywords: Europe, EU, Insurance, KID, PRIIPs, IBIP, EIOPA
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