Heath Lambert payment system to set transparency benchmark
Broker Heath Lambert has launched a new payment system for work carried out on behalf of insurance c...
Broker Heath Lambert has launched a new payment system for work carried out on behalf of insurance companies, which it claims sets a benchmark for the broking sector.
The Broker Insurer Services Commission is a flat-rate payment levied at 1% of total premium throughput.
It claims the system is totally transparent to the insurance market, clients, regulators and industry bodies. It is fair and reasonable, reflecting specified work undertaken for insurers, is simple to administer and easy to
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