
Brokers opt for 1% insurance levy
The Heath Lambert Group has announced a new system of payment for work carried out on behalf of insurance companies which it claims will set a benchmark for the broking sector.
Heath Lambert has introduced the Broker Insurer Services Commission (BISC) - a flat rate payment for work undertaken on behalf of insurers and is levied at 1% of total premium throughput.
The broker said BISC would be totally transparent to the insurance market, clients, regulators and industry bodies; fair and reasonable
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Most read
- Action group vows to pursue broker Pound Gates after BI policies fail to pay out
- Gallagher acquires Erimus Group
- Football clubs step up BI court case against insurers
- Rishi Sunak flags speedy reform for Solvency II rules
- PIB buys beauty specialist Balens
- Erimus lifts lid on Gallagher deal
- Drop in insurance complaints at FOS