Insurance and/or Reinsurance Brokerages shall:
| 1. | Disclose to the insured the commission and/or fees earned for the services provided.
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| 2. | offer to place reinsurance business with local reinsurance Companies’ before placement with a foreign reinsurer.
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| 3. | Not allow an insurance broker to combine insurance and reinsurance business activities to avoid conflict of interest that is harmful to the policyholder. Commissions and fees of insurance and reinsurance business shall be separated.
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| 4. | Serve the insured’s interests by striving to obtain the most appropriate available coverage and price.
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| 5. | Disclose to the insured in advance all benefits under the policy as compared to other similar policies in terms of coverages and prices.
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