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ICOBS - General Matters

The Insurance Conduct of Business Sourcebook (ICOBS) for general matters applies to all firms engaged in the insurance business. The rules are made up of two levels: high-level and business standards.

The high-level standards apply to all financial firms and include Principles for Business (PRIN) and Systems and Controls (SYSC). Business standards are applicable to industry sectors or issues such as COBS for investment business and ICOBS for insurance business.

Our ICOBS for General Matters Course explains the FCA's general conduct of business rules for the insurance market.

objectives

What you’ll learn in
this course

  • Recognise what ICOBS is and whom it applies to
  • Know how to categorise customers
  • Understand what is meant by clear, fair and not misleading
  • Understand the prohibitions against inducements and exclusion of liability

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