“Good Practices in Brokerage Activity” – Selected Dilemmas Cover Image

„ Dobre praktyki w działalności brokerskiej” – wybrane dylematy
“Good Practices in Brokerage Activity” – Selected Dilemmas

Author(s): Jakub Pokrzywniak
Subject(s): Civil Law
Published by: Fundacja "Prawo Ubezpieczeniowe"
Keywords: good practices; established customs; rules of social coexistence; insurance broker;

Summary/Abstract: The article examines the publication “Good Practices in Brokerage Activity” published in 2021 bythe Association of Polish Insurance and Reinsurance Brokers. The project aims to update goodpractices in the brokerage activity (hereinafter: Good Practices) and should be considered a po-sitive initiative, because the existing Broker’s Code of Ethics which was adopted on 23 May 2013as well as the Principles of Good Practices and Cooperation of Insurance Brokers and InsuranceCompanies published in 2000 do not solve all problems which the market is currently facing.In addition, brokerage activity has been scarcely regulated under private law. Given the above,established customs and principles of social coexistence are particularly important for brokerageservices in connection with Article 56, Article 65 § 1 and Article 354 of the Polish Civil Code.Not only do the draft Good Practices refer to the conduct of brokers, but they also containa number of standards of conduct meant for insurance companies. As a result, this documentought to be acknowledged by insurance undertakings (their professional associations). On theother hand, it should be emphasized that Good Practices will not be binding on brokers who arenot members of the Association of Polish Insurance and Reinsurance Brokers.Although Good Practices contain a lot of recommendations that deserve an unequivocally positiveassessment, there are some provisions therein that may provoke controversies. The purpose ofthe article is to draw attention to the provisions which may require further work and discussion.

  • Issue Year: 1/2022
  • Issue No: 110
  • Page Range: 3 - 16
  • Page Count: 14
  • Language: Polish
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