Who do you Represent? – Vicarious Liability & Agency Issues
by Steve Vorbrodt
Steve Vorbrodt is a lawyer with Dolden Wallace Folick LLP practicing in the area of insurance defence.
1 Technical Credit for Level 1, 2, and 3 General Insurance Agents and Salespersons.
To qualify for CE credit…
– Read the entire article carefully, including all its sections and content labelled ‘Mandatory’.
– Select the ‘Mark Complete’ button at the end of each section to track your progress.
– Successfully challenge the quiz to demonstrate your learning.
– Select the ‘Completion Certificate’ link to save and download your personalized completion certificate.
Please Note: CE credits from this HyperArticleTM can only be used once towards your CE requirements every three licence periods. For further information on CE regulations, please refer to the Insurance Council of BC’s website.
Overview
This HyperArticle™ clarifies the crucial distinction between insurance agents and brokers in Canada, focusing on the legal concept of vicarious liability. You’ll learn how the broker’s actions, and the perceived nature of the broker’s relationship with insurers by clients, can lead to the insurer being held liable for the broker’s errors. Understanding agency principles, apparent authority, and the broker’s duties to both clients and insurers is vital to mitigate legal risks and ensure your clients understand who you represent.
When you’re ready, please go to the first content section…
