Date-stamp loading
Version status: Deleted | Document consolidation status: Updated to reflect all known changes
Version date: 1 October 2018 - onwards
  Version 2 of 2    

25E. Provisions regarding scope of agency.

Deleted from 1 October 2018

(1) An insurance agent shall be deemed to be acting as the agent of the insurance undertaking to whom a proposal of insurance is being made when, for the purpose of the formation of the insurance contract, the agent completes or helps the proposer of the contract to complete, a proposal for insurance.

(2) Only in the circumstances described in subsection (1) of this section shall the undertaking be responsible for any errors or omissions in the completed proposal.

(3) An insurance undertaking shall be responsible for any act or omission of its tied insurance agent in respect of any matter relating to a contract of insurance offered or issued by that undertaking of a form (whether life assurance or non-life insurance) to which the tied agency agreement or arrangement relates, as if the tied insurance agent was an employee of that undertaking.

(4) Nothing in this section shall render an insurance undertaking, its insurance agent or its tied insurance agent responsible for any false

Comparing proposed amendment...