VATINS1320 - General introduction and the law: legal notes to Group 2: Legal Note 2 - acting in a intermediary capacity

2. For the purposes of item 4 an insurance broker or insurance agent is acting 鈥渋n an intermediary capacity鈥� wherever he is acting as an intermediary, or one of the intermediaries, between -

  1. a person who provides insurance or reinsurance and
  2. a person who is or may be seeking insurance or reinsurance or is an insured person.

This note defines what is meant by acting in an intermediary capacity in item 4(b) - see VATINS1240 鈥業nsurer鈥� covers a person providing insurance or reinsurance and 鈥榠nsured鈥� is a person who is insured or is seeking insurance. VATINS5220 refers.