Code to help brokers and insurers recognise vulnerable customers.
The Association of British Insurers (ABI) and the British Insurance Brokers' Association (Biba) have launched a joint Code of Good Practice for the industry. According to the trade bodies the code aims...
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
Businesses must have appropriate processes and supervision in place wherever the AR distribution method is used.
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
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