The Relationship Between Insurers, Insureds And Insurance Brokers
Mondaq Business Briefing › Hong Kong Law Articles in English (2012)
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The Relationship Between Insurers, Insureds And Insurance Brokers
Important High Court judgment provides clarification
In this article we look at the issues that arose and some issues for the market. As reported in our e-alert on 6 January 2012, the Court of First Instance in Hong Kong has handed down an important judgment that upholds the long established commercial practice of an insurance broker acting as agent for the insured and not as agent for the insurer. The court's judgment in Hobbins v Royal Skandia Life Assurance Ltd & Anor, HCCL No.15 of 2010, also refers to the trade practice surrounding the payment of commissions by insurers to insu...See the full content of this document
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