An insurance agent means a person who is neither an insurance broker, nor an employee of an insurer, underwriter or insurance broker and who undertakes the selling or servicing of any kind of insurance business on behalf of such an insurance company or insurance broker.
Means a person, other than an employee of an insurer, who is not an insurance agent and who, on behalf of any person, negotiates insurance business including reinsurance as his principal business.
No , all consumers have a right to choose their insurer and intermediary (broker) when entering into and ceding a new policy contract to secure debt or an existing policy.
Yes, Under section 51 of the Insurance Act 2005, all insurers ho have received payments for premiums must issue you with a written receipt of payment which must contain in print or stamp the name of the institution that has received your payment.
Yes, the insurer is also liable for any claim for loss or any damages arising from the action of the agent.
Is a cover for a short period of time, ranging from a day to twelve months. Short term insurance provides cover against any loss or damage to property