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10 November, 2007

Duties Imposed On An Agent

Some of the duties imposed on an agent in addition to express contractual obligations are provided as follows:
  • To render accounts to the principle required
  • Not to let his own interest conflict with his obligations to the principals
  • Not to disclosed confidential information obtained during the course of his duties as an agent to other parties except the principle insurance company.
  • Not to take any party with whom he deals on behalf of the principle.
  • Not to delegate his duties to a sub-agent without authority,express or implied.
  • To comply with his principal's instructions and to notify him when compliance become impossible.

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