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 3
DUTIES OWED BY THE BROKER ON PLACEMENT: GENERAL
INTRODUCTION
3-1
In this chapter we consider the duties that a broker owes to his client prior to and during the placement of the insurance.1 The duties owed will depend on the nature and the extent of the instructions the broker receives from his client as well as the terms of any specific retainer or service level agreement,2 but may, in the absence of any agreement to the contrary, include the following basic duties: