Insurance Broking Practice and the Law
| This chapter was reviewed in March 2025. No corrections were found to be needed. The next review of this chapter is due in September 2025. |
Chapter 1
DUTIES OF A BROKER
INTRODUCTION
1-1
The insurance broker plays a pivotal role in the UK insurance market. The broker may act for the insured or reinsured (or prospective insured or reinsured), or may be instructed by another broker to place insurance cover on the broker’s behalf. The broker may also, in certain circumstances, perform functions on behalf of the insurer or reinsurer.1