Insurance Broking Practice and the Law
| This chapter was reviewed in September 2025. No corrections were found to be needed. The next review of this chapter is due in March 2026. |
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