Multi-ties are 'agents' of insurers - LawComm

The Law Commission has published its third issues paper on insurance contract law, which discusses who the intermediary is acting for in receiving pre-contract information and what should happen if a mistake or fraud by an intermediary leads to information not being disclosed to an insurer. It states: “Our tentative view is that the intermediary should be regarded as the insurer’s agent for the purposes of obtaining pre-contract information, unless the intermediary is genuinely searching the market on the insured’s behalf. This means that single tied agents and multi-tied agents will be ta...