Understanding Insurance 05

PROHIBITION OF THE INSURANCE BUSINESS

 

1. Insurance Broker Company, are prohibited from placing insurance coverage on insurance companies that do not have permission
2. Insurance Broker Company, are prohibited from placing insurance coverage to an insurance company as an affiliate of the insurance brokerage firms in question, unless the prospective insured has been aware of any such affiliation
3. Insurance Loss Appraisal of the Company, are prohibited from assessing insurance objects are insured with insurance companies as an affiliate of the company concerned insurance loss adjusters
4. Actuarial Consultant Company, prohibited from providing services to insurance companies as an affiliate of the relevant actuarial firm
5. Insurance agents, are prohibited from acting as an agent of an insurance company that has no business license