Distance Marketing definition

Distance Marketing means selling by telephone, fax, proprietary computer networks and the internet. A Directive regulating the distance selling of (all other) goods and services was adopted in 1997 and entered into force in 2000 (Directive 97/7/EC). Financial services were excluded from its scope since they were considered to require a separate set of rules.

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Distance Marketing means and includes every activity of solicitation (including lead generation) and sale of insurance products through the following modes:

Distance Marketing means insurance solicitation/lead generation by way of telephone calling/ Short Messaging Service (SMS)/Other Electronic modes like e-mail, internet & Interactive Television (DTH)/Direct Mail/ newspaper & magazine inserts or any other means of communication other than in person.

Examples of Distance Marketing in a sentence

The Distance Marketing Directive normally grants you 30 days in which you may cancel a life or pension contract.
Under the Distance Marketing Consumer Financial Services Law of Cyprus, we are required to provide certain information in agreements entered into with our customers that are concluded exclusively through means of distance communication (e.g. telephone, fax, e-mail or internet).
The Distance Marketing Directive normally grants you 30 days in which you may cancel a life or pension contract, or 14 days for an investment.
It is amongst others, governed by the Distance Marketing of Consumer Financial Services Law of 2004, L.242(I)/2004, as amended.
In case Policyholder is not satisfied with Terms and Conditions as stated in the Policy, he has an option to return the Policy to the Company within 15 (30 days if policy is bought through Distance Marketing) days of its receipt, with a written request for cancellation, stating reasons for the same.
The Distance Marketing of Consumer Financial Services Law N.242(I)/2004, which implements EU Directive 2002/65/EC, does not require the Agreement to be physically signed by either the Client or the Company in order for both of the Parties to be legally bound by it.
This does not affect the notice periods provided under the Distance Marketing Regulations (see Cooling off period/Right of Withdrawal).
This does not affect the notice periods already provided under European Union (Insurance and Reinsurance) Regulations 2015 (S.I. No. 485 of 2015) or the European Communities (Distance Marketing of Consumer Financial Services) Regulations 2004 (S.I. No. 853 of 2004) which is 30 days in respect of life policies, irrespective of whether the sale took place on a non-face to face basis, and 14 days in respect of general policies only on sales that took place on a non-face-to-face basis (distance sales).
Under the Distance Marketing Consumer Financial Services Law of Cyprus, we are required to provide certain information in agreements entered into with our customers that are concluded exclusively through means of distance communication (e.g. Telephone, fax, e-mail or internet).
In case You are not satisfied with Terms and Conditions as stated in the Policy, You have an option to return the Policy to the Company within 15 (30 days if policy is bought through Distance Marketing) days of its receipt, with a written request for cancellation, stating reasons for the same.

More Definitions of Distance Marketing

Distance Marketing means every activity of solicitation (including lead generation) and sale of insurance products through the following modes: (i) voice mode, which includes telephone-calling

Distance Marketing means the process of solicitation or sale of insurance products where the consumer is physically not present at the point of solicitation or sale or the conclusion of the sale, and the process is carried out through telephone or Short Messaging Service (SMS) or e-mail or Internet or web services;

Distance Marketing means every activity of solicitation (including lead generation) and sale of insurance products through the following modes: (i) voice mode, which includes telephone-calling (ii) short messaging service (SMS) (iii) electronic mode which includes e-mail, internet and interactive television (DTH) (iv) physical mode which includes direct postal mail and newspaper and magazine inserts and (v) solicitation through any means of communication other than in person.

Distance Marketing means the European Communities (Distance Marketing of Consumer Financial Regulations” Services) Regulations 2004;

Distance Marketing means selling by telephone, fax, proprietary computer networks and the Internet. A Directive regulating the distance selling of (all other) goods and services was adopted in 1997 and entered into force last year . Financial services were excluded from its scope since they were considered to require a separate set of rules. The Directive on which political agreement was reached today prohibits so- called "inertia selling", which involves sending unsolicited financial products or services to a consumer and charging him/her for these. “Cold faxing”, or unsolicited communication about such products and services by fax is equally prohibited. The agreed text sets out two options for rules Member States are to apply with respect to the use of “cold calling”, the same practice by telephone, and “spamming”, unsolicited communication by e-mail. Under the first option (“opt-in”) cold calling and spamming are prohibited unless the consumer has expressly consented; under the second option (“opt-out”) this is prohibited only if the consumer has signalled his/her objection, e.g. by entering his/her name in a registry set up for this purpose.