التفاصيل البيبلوغرافية
| العنوان: |
FSA obligates brokers to disclose pay. |
| المؤلفون: |
Veysey, Sarah, Miller, Peta |
| المصدر: |
Business Insurance. 1/17/2005, Vol. 39 Issue 3, p13-15. 2p. |
| مصطلحات موضوعية: |
Insurance companies, Brokers, Risk management in business, Risk managers |
| مصطلحات جغرافية: |
London (England), England |
| مستخلص: |
The article reports that risk managers are entitled to ask their brokers to provide details of the commissions they receive and brokers are obliged to respond under regulations that came into force last week. The London-based Financial Services Authority (FSA), an independent regulator is taking over from the General Insurance Standards Council, a self-regulating body. Under the FSA's rules, brokers are required to give risk managers information of the commissions they receive only if the risk managers request such information, an FSA spokesman said. The FSA also requires brokers to fulfill certain requirements about the information given to buyers about the insurance they are being sold, such as exclusions, and policy documentation must be more thorough. INSET: QUESTIONS TO ASK YOUR BROKER. |
| قاعدة البيانات: |
Finance Source |
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