* The Law of Insurance Broking and Insurance Brokerage Firms

NOT YET PUBLISHED

Insurance brokers play a vital role in the insurance market by matching the assured's needs with insurers' products. They may also act in other capacities such as, producing broker, placing broker, or even underwriting agents. This book introduces the professional activities that a broker undertakes on a daily basis and outlines the scope of duties they owe to the assured and insurers when playing different roles.

It covers:

• the scope of the insurance broker's duties
• relevant compliance issues
• the lifecycle of an insurance policy
• Insurance Act 2015, IMD II and Solvency II legislation
• EU laws regulating insurance brokerage
• the latest case law and regulator's decisions

This book is a detailed and practical guide, and as such will be an essential reference for insurance broking professionals, compliance officers in insurance brokerage firms and legal practitioners involved in insurance and reinsurance.

table of content

Part I: Insurance Broking

Chapter 1. Agency - whose agent the broker is

Chapter 2. Placement of cover

Chapter 3. Duty of disclosure

Chapter 4. Payment of Premium

Chapter 5. Remuneration

Chapter 6. Broker's Role in the Claims Process

Chapter 7. Producing broker and placing broker

Chapter 8. Lloyd's Broker

Chapter 9. Reinsurance Broker

Chapter 10. Insurance broker acting as a cover-holder

Chapter 11. Broker's fraud

Part II: Insurance brokerage firms

Chapter 12. Establishing an insurance brokerage firm

Chapter 13. Anti-bribery and corruption systems (Bribery Act)

Chapter 14. Professional Indemnity Insurance for insurance brokers

Chapter 15. TAX

Chapter 16. Competition

Chapter 17. Insolvency