Biba recommends new Toba wording for commission disclosure
The British Insurance Brokers’ Association has urged its members to adopt a new wording in their Terms of Business Arrangements with commercial customers to remind them they have the right to request details of the brokers' commission.
The new wording aims to help members to evidence greater transparency in the commercial market.
The wording follows Biba chief executive Eric Galbraith's recommendation that members amend their Tobas
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