oa Juta's Business Law - The duties of an insurance broker
|Article Title||The duties of an insurance broker|
|© Publisher:||Juta Law Publishing|
|Journal||Juta's Business Law|
|Author||J.P. Van Niekerk|
|Publication Date||Jan 2007|
|Pages||61 - 65|
Should the broker include VAT in the sum insured and should it procure an increase in the sum insured immediately upon being instructed to do so?
There has been a steady stream of decisions over the past few years concerning the duties of insurance brokers towards their clients. The decision in Luxor Paints (Pty) Ltd v Heritage Insurance Brokers (WLD 26 April 2006 (case no 04/18159) unreported) adds usefully and practically to the list of these duties.
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