The course provides an introduction to the main topics in insurance broking and acts and regulations that are relevant for this business. It may be included in the Insurance exam and is compulsory to be awarded authorization as an insurance broker.
Insurance broking in Norway, development of legislation and other general terms.
Parties: Customer insurance broker insurance supplier
The tasks of an insurance broker
Assessment of offers and recommendations to customer
Contractual relationship between broker and customer and broker and insurance supplier
Entering and terminating agreements
Business standard for payment for insurance broking
Running insurance enterprises
Ethical guidelines adopted by the Insurance broker association
Doctrine of sources of law
Insurance broking act
Enterprise requirements for being registered with the Financial Supervisory Authority of Norway.
Requirements for generally accepted broker principles
Management of client funds
Duty of disclosure to customers
Power of attorney
Law of insurance
Public regulation and supervision of the insurance business
Premises for the companys liabilities
Law of torts
Terms for liability at law basis of liability
Cause and effect relationship
Theory of conditions and main causes
Broking of marine insurances distinguish from non-marine insurances
Broking of reinsurance
This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.