AFIA Insurance Premium Funding Code of Practice


Business customers seeking insurance premium funding will benefit from industry best practice through a new Code of Practice.

The Australian Finance Industry Association (AFIA) and its Insurance Premium Funding (IPF) Working Group members have launched their Code of Practice after extensive consultation with key stakeholders. The Code will come into effect on 1 October 2022. 

AFIA members Arteva, Attvest, BOQ Finance, Clearmatch, Elantis, Hunter Premium Funding and IQumulate were involved in development of the Code.  

For more information about the Code email codes@afia.asn.au.

See Media Release for more detail. 

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Code of Practice

This Code describes contractually enforceable commitments made by Code Compliant Members.

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Terms of Reference

The Terms of Reference govern the operation of the Insurance Premium Funding Code of Practice

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By-Laws

These By-Laws are administered by AFIA and are binding on all Code Compliant Members.  

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FAQs 

Answers to Frequently Asked Questions for the Insurance Premium Funding Code of Practice can be found at the below link. 

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IPF Webinar

A recording of an AFIA webinar to assist in understanding and preparing for the new Code can be found at the below link.