Inaurance Market Intermediaries Flashcards
1
Q
Independent intermediaries
A
Authorised persons who offer independent intermediary services on the whole of the insurance market
2
Q
Appointed representatives
A
Appointed representatives are exempt from the need for authorisation. They are the responsibility of the authorised firm that appoints them
3
Q
Introducer appointed representatives
A
Introducer appointed representatives essentially only pass on marketing materials
4
Q
Tied agents
A
Tied agents can only offer advice on limited range of products from one or more insurer
