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Insurance brokers and intermediaries

OUT-LAW Guides

Whiteley Insurance Consultants (25/07/08)
The court gave directions to the liquidators of an insurance intermediary on how to deal with claims brought by policyholders who had been sold unlawful travel insurance policies.
Ramco v Weller (13/06/08)
Damages representing what would have been recovered from insurers were payable by a broker who failed to obtain appropriate cover for bailed goods. The claimants had the same duty to account to the owners of the goods as if the damages were insurance monies.
Trader Media v Revenue and Customs (08/05/2008)
The operator of a website that enabled visitors to buy insurance from a panel of insurers was acting as an insurance agent or broker and providing insurance intermediary services for the purposes of the VAT exemption.
Temple v QBE (23/04/2008)
In the absence of clear terms in an underwriting agency agreement, the agent was not entitled to handle run-off claims after termination.
Insurance broker remuneration: law and regulation
The rules on what brokers should disclose to insureds.

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