---
title: "Draft the target market determination for a general insurance product"
url: "https://ailawframework.com/practice/insurance-law/draft-the-target-market-determination-for-a-general-insurance-product"
type: "task"
site: "AI Law Framework"
id: "A22-T20261018-5"
practice_area: "Insurance Law"
tier: "yellow"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Draft the target market determination for a general insurance product

> From the policy wording, underwriting guidelines, distribution plan and claims and complaints data, draft the target market determination with the content s 994B(5) requires: the class of consumers in the target…

Canonical page: https://ailawframework.com/practice/insurance-law/draft-the-target-market-determination-for-a-general-insurance-product  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Insurance Law](https://ailawframework.com/practice/insurance-law.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | From the policy wording, underwriting guidelines, distribution plan and claims and complaints data, draft the target market determination with the content s 994B(5) requires: the class of consumers in the target market, the distribution conditions and restrictions, the review triggers, when the first and later reviews must occur, the complaint reporting periods, and the kinds of information distributors must report and how often. |
| What the lawyer must review | Decide whether the target market described is one for which the product is likely to be consistent with consumers' likely objectives, financial situation and needs, set review triggers and distribution conditions that match the product's real risks, and confirm the determination is available to the public free of charge before the product is distributed. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Source-by-source verification**

Trace relied-on content to independent sources and check for relevant material the output has missed.

- What the AI does: From the policy wording, underwriting guidelines, distribution plan and claims and complaints data, draft the target market determination with the content s 994B(5) requires: the class of consumers in the target market, the distribution conditions and restrictions, the review triggers, when the first and later reviews must occur, the complaint reporting periods, and the kinds of information distributors must report and how often.
- What the lawyer does: Decide whether the target market described is one for which the product is likely to be consistent with consumers' likely objectives, financial situation and needs, set review triggers and distribution conditions that match the product's real risks, and confirm the determination is available to the public free of charge before the product is distributed.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Practical workflow informed by the linked primary sources; the traffic light and working checks are editorial guidance, not a court classification.
- Why: The level reflects what the work is, the consequence of an error, and how much of the output the lawyer must independently re-derive.

## Checks the lawyer makes

1. Confirm the instructions, the jurisdiction and the complete relevant material before starting.
2. Check each product attribute described against the current policy wording.
3. Confirm the review triggers and reporting requirements are measurable from data the issuer actually collects.
4. Confirm the determination is available to the public free of charge before distribution begins, as s 994B(9) requires, and diarise the 10-business-day review that follows a review trigger.
5. Check the output against the source documents named in it before it is relied on.

## Notes

- These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

## Sources

- [ASIC RG 274 Product design and distribution obligations (September 2024)](https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf) (checked 2026-10-18)
- [ASIC RG 274 landing page](https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-274-product-design-and-distribution-obligations/) (checked 2026-10-18)

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/insurance-law/draft-the-target-market-determination-for-a-general-insurance-product/united-states.md) | Red |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*