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channel

253(in ICOBS 6B and SUP 16.28) the distribution method through which the customer purchases a policy. Examples of channels include:

  1. (a) direct sales where the customer and insurer communicate directly without a third party’s involvement. This would include (as separate channels) sales:
    1. (i) by telephone;
    2. (ii) via the internet;
    3. (iii) through a branch;
  2. (b) sales through a specific price comparison website;
  3. (c) sales through a specific insurance intermediary; and
  4. (d) sales via a specific affinity/partnership scheme.