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4 INFORMATION PROVIDED TO THE UNDERWRITER ON PLACEMENT— THE DUTY OF FAIR PRESENTATION

Insurance Broking Practice and the Law

Chapter 4

INFORMATION PROVIDED TO THE UNDERWRITER ON PLACEMENT— THE DUTY OF DISCLOSURE

INTRODUCTION

4-1 A broker as a matter of normal practice prepares and presents the risk to the underwriter. This may be initially to obtain a quote or upon instructions to place the risk. In making this presentation, as a general rule, the broker acts as the agent of the insured.1

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