Lloyd's raises standards.
Lloyd's has published its new insurance broker standards, following its announcement in May that is ...
Lloyd's has published its new insurance broker standards, followingits announcement in May that is was opening up access for overseas brokers
and more UK brokers. From 2001, the conditions brokers must meet in order
to become accredited include being a member of the General Insurance
Standards Council, or meeting equivalent standards. They also include
having professional indemnity cover in the range of £3-30m, or currency
equivalent. A fee of £5000 is payable on a new broker's first
accreditation
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