Board Briefing Notes For EU Insurance Distribution Directive (IDD)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💴 Insurance distribution directiveBusiness activity
Brief on IDDThe IDD is a regulatory framework established by the European Union to govern the distribution of insurance products and services throughout member states. As an EU directive, it must be transposed into national law by each EU member state, in this case, the United Kingdom (UK).
The purpose of this legal template is to assist the board of directors, senior executives, and relevant stakeholders of insurance firms operating within the UK in understanding the key provisions, requirements, and implications of the IDD. It serves as a resource to aid in the planning, implementation, and compliance efforts related to the directive.
The document covers various aspects of the IDD, such as the scope of application, authorizations and registration requirements, conduct of business and professional requirements, organizational and operational standards, supervision and enforcement, disclosure and transparency obligations, and consumer protection measures.
Additionally, the template provides an analysis of how the IDD aligns with existing UK laws, regulations, and industry best practices. It highlights potential impacts and challenges that insurance firms may face during the implementation process, as well as suggestions for mitigating risks and ensuring compliance.
Overall, this legal template aims to provide a concise and accessible summary of the IDD's requirements under UK law, enabling insurance firms to understand and navigate the complex regulatory landscape while ensuring that adequate measures are in place to meet their obligations and safeguard the interests of consumers.
How it works
Create doc / use template
Chat to our AI Legal Assistant
Edit, collaborate & share
Export to .docx
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Standard Selection Questionnaire (Public Contracts)
The questionnaire template typically consists of a series of detailed questions addressing various aspects such as the company's financial stability, technical capabilities, relevant experience, previous performance, compliance with legal and regulatory requirements, as well as their capability to undertake the specific contract being tendered.
This legal template is crucial during the procurement process as it ensures transparency, fairness, and equal opportunity for all potential suppliers. It helps contracting authorities or government entities to assess the suitability and capability of suppliers, reducing potential risks associated with awarding public contracts to unsuitable or incapable candidates.
By utilizing this Standard Selection Questionnaire, organizations can consistently evaluate potential suppliers in a standardized manner, allowing them to make informed decisions based on objective criteria. Furthermore, it helps streamline the procurement process by collecting all essential information from potential suppliers upfront, saving time and effort throughout the evaluation process.
Overall, this legal template provides a structured approach to the selection and evaluation process for public contracts under UK law, promoting fair competition and ensuring that the most qualified and capable suppliers are chosen to deliver these important projects.
Publisher
Genie AIJurisdiction
England and WalesSurveyor Contract
This Surveyor contract template is designed for a commercial surveying organisation (or an individual surveyor) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of surveying and surveying-related services to be completed by the surveyor on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the surveying firm or individual surveyor on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
Genie AIJurisdiction
England and WalesSustainability Consultant Contract
This Sustainability Consultant contract template is designed for a commercial sustainability consulting organisation (or an individual sustainability consultant) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of sustainability consulting and sustainability-consulting-related services to be completed by the sustainability consultant on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the sustainability consulting firm or individual sustainability consultant on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
