Explaining GISC's intermediary status differentiations.
Q: Why has the General Insurance Standards Council differentiated between appointed agents, sub agen...
Q: Why has the General Insurance Standards Council differentiatedbetween appointed agents, sub agents and introducers?
A: The GISC Rulebook contains provisions governing the appointment, by
member firms, of agents, sub agents and introducers. These provisions are
designed to reflect long-standing market practice and to define the
responsibilities to customers of the various parties, in what can often be
complex relationships.
GISC wants to ensure customers can be sure all firms engaged in general
i
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