BIBA defends brokers' rights to commission.
Brokers are not liable to pay back commission earned on cancelled Independent Insurance commercial po...
Brokers are not liable to pay back commission earned on cancelled Independent Insurance commercial policies, according to the British Insurance Brokers' Association and Class Law.BIBA sent a report to provisional liquidator Price waterhouseCoopers on 9 November, defending brokers' rights to keep the commission. The report bases its argument on case law and tradition, and was approved by a working party of brokers. BIBA expects a response by the end of November.
Stephen Alexander, partner of
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