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Insurance Brokers Code of Practice
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Code of Practice
Cowden Insurance Brokers subscribe to the Insurance Broking Code of Practice (the Code) which is published by the National Insurance Brokers Association (NIBA).
The code is intended to promote good relations between insurance brokers, their clients, insurers and other participants within the insurance industry. It also promotes efficiency in transactions by describing standards of good practice and the level of service to be expected from members.
The Code aims to:
Build professional competence in the broking profession; and
Increase consumer confidence in insurance brokers and the role they play in the insurance process
The Code Principles:
Professional commitment
Ethical behaviour
Transparency and accountability
The Code is monitored by the Insurance Brokers Code Compliance Committee (IBCCC), which is a dedicated team providing Code monitoring and administration services.
To obtain a copy of the Insurance Brokers Code of Practice, click here.