oa Juta's Business Law - The duties of an insurance broker
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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