GISC to debate solvency waiver.
The Board of the General Insurance Standards Council will meet this month to decide whether to grant...
The Board of the General Insurance Standards Council will meet thismonth to decide whether to grant a discretionary solvency waiver to
members that only occasionally take commission on an earned basis.
Under the current rules, published last month, brokers and intermediaries
that take commission on such a basis are bound by stricter solvency
requirements.
Both the British Insurance Brokers Association and the Association of
Insurance Intermediaries and Brokers have argued that this is unfair on
bro
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