IBRC acts to simplify PI compliance for brokers.

The Insurance Brokers Registration Council is to approach insurers in
a bid to simplify the way in which brokers prove compliance with the
Insurance Brokers Registration Act rules on professional indemnity
cover.


IBRC councillor Simon Bolam said: "We are suggesting that insurers submit
a certificate to prove that an individual broker is compliant with the Act
and has sufficient PI cover. This would remove the necessity for the
accounts to be submitted for inspection."


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