Those companies licensed to do business as insurers have certain legal responsibilities to its insureds and regulatory authorities.

 

Representations of the agent or broker

  • The binding of coverage
  • Delivery of the policy to the insured
  • Claims handling
  • Bad faith
  • Renewal of the policy
  • Cancellation of the policy
  • Excess coverage
  • Insurance Fairness Conduct Act (IFCA) ( Washington State)