The Law of Insurance Broking and Insurance Brokerage Firms

ISBN-13: 9781138639232 / Angielski / Twarda / 2027 / 344 str.

Miao Li

Opis

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.

Spis treści

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  Chapte 16. Competition  Chapter 17. Insolvency

O autorze

Dr Miao Li is a practicing solicitor in the Professional and Financial Dispute department at Clyde & Co. LLP, UK. She has contributed to other works on insurance brokerage as well as completing a PhD on the subject.