Lloyd's criteria for broker status unveiled.
Lloyd's has unveiled its regulatory criteria for Lloyd's broker status once the Insurance Brokers (R...
Lloyd's has unveiled its regulatory criteria for Lloyd's brokerstatus once the Insurance Brokers (Registration) Act is repealed on 31
April 2001.
Following a nine month consultation period, Lloyd's has formulated a set
of accreditation standards that all brokers will need to comply with to
qualify for Lloyd's broker status. The standards relate to issues such as
customer service and systems compatibility.
UK brokers seeking Lloyd's status will have to be regulated by the General
Insurance Standards
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