Abstract
Intermediaries play a prominent, often a dominant, part in insurance. They fall into two main categories: those appointed by insurers to sell and service insurance contracts on their behalf, and those used by the buyers of insurance to help them obtain cover. Insurers describe all intermediaries as ‘agents’, but the law distinguishes the two categories: it regards those in the first category as agents of the insurers and those in the second as agents of the insured. This distinction has important legal consequences.
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References and recommended reading
British Insurance Brokers Association (1982) British Insurance Broking: A Statistical Report by Kitcat and Aitken (London: British Insurance Brokers Association).
Carter, R.L. (ed.) (1973) Handbook of Insurance (London: Kluwer Publishing Ltd) (continually updated).
Carter, R.L. (ed.) (1990) Handbook of Personal Financial Management (London: Kluwer Publishing Ltd) (continually updated).
Wright, D.M. and S.R. Diacon (1988) ‘Regulation of the Marketing of Long-Term Insurance’, in N. Dyer and T. Watkins (eds), Marketing Insurance, 2nd edn (London: Kluwer Publishing Ltd).
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© 1990 Stephen Diacon
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Cockerell, H. (1990). Intermediaries and the Agency System. In: Diacon, S. (eds) A Guide to Insurance Management. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07495-2_14
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DOI: https://doi.org/10.1007/978-1-349-07495-2_14
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-07497-6
Online ISBN: 978-1-349-07495-2
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