April 30, 2018 07:00
Photo : Freepik
The Corporation of the property and casualty insurers direct du Québec (CADD) says that he sees merit in the proposal of the Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ), to impose tests of independence to firms that wish to appear as a dealer.
The president of its board of directors, Michel Laurin, said to recognize that the broker, in his or her shopping may find themselves in a situation where he has only one offer to provide to its customer, including assurance sub-standard. «He has even made a shopping independent. It is important that the rules of disclosure are clear. As a direct insurer, we disclose that we offer the products of a single company, » he recalls.
Denis Côté, director general of the CADD, stresses that it is impossible for a broker that protection offered by a single insurer is the best for 95 % of its customers, even individual insurance. «There is not a direct insurer that has such a success rate in Quebec «, he remarked.
Mr. Laurin added that some brokers make the false representation. «The broker needs to shop the market and offer a choice. There are some who do it very well. There are, however, who pose as brokers and who are not in this shopping. They must not use the title » broker to their advantage. It is necessary to resolve the situation once and for all, » says Mr. Laurin.