Insurance Brokers Registration Council (Code of Conduct) Approval Order 1978
| Jurisdiction | UK Non-devolved |
| Citation | SI 1978/1394 |
| Year | 1978 |
1978 No. 1394
INSURANCE
The Insurance Brokers Registration Council (Code of Conduct) Approval Order 197827thSeptember 1978
28thSeptember 1978
20thOctober 1978
The Secretary of State, in exercise of the powers conferred by sections 27(1) and 28(1) of the Insurance Brokers (Registration) Act 1977(a) and of all other powers enabling him in that behalf, hereby makes the following Order:—
1. This Order may be cited as the Insurance Brokers Registration Council (Code of Conduct) Approval Order 1978 and shall come into operation on 20th October 1978.
2. The Code of Conduct drawn up by the Insurance Brokers Registration Council pursuant to section 10 of the Insurance Brokers (Registration) Act 1977 is hereby approved as set out in the Schedule to this Order.
Stanley Clinton Davis, Parliamentary Under Secretary of State, Department of Trade.
27th September 1978.
(a) 1977 c. 46.
SCHEDULE
CODE OF CONDUCT DRAWN UP BY THE INSURANCE BROKERS REGISTRATION COUNCIL PURSUANT TO SECTION 10 OF THE INSURANCE BROKERS (REGISTRATION) ACT 1977
Words and expressions used in this Code of Conduct shall have the same meaning as are ascribed to them in the Act except that:
"insurance broker" means registered insurance broker and enrolled body corporate;
"insurer" means a person or body of persons carrying on insurance business;
"advertisements" or "advertising" means canvassing, the offer of services or other methods whereby business is sought by insurance brokers.
1. This Code of Conduct shall serve as a guide to insurance brokers and other persons concerned with their conduct but the mention or lack of mention in it of a particular act or omission shall not be taken as conclusive of any question of professional conduct.
In the opinion of the Council the objective of the Code is to assist in establishing a recognised standard of professional conduct required of all insurance brokers who should, in the interests of the public and in the performance of their duties, bear in mind both this objective and the underlying spirit of this Code.
Matters which might relate to acts or omissions amounting to negligence will be dealt with, if necessary, by the Courts but the Council acknowledges that gross negligence or repeated cases of negligence may amount to unprofessional conduct.
2. The following are, in the opinion of the Council, the acts and omissions which, if done or made by registered insurance brokers or enrolled bodies corporate constitute unprofessional...
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