May 17, 2018 21:18
5 yrs ago
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English term
Poland
Works in: English to Polish, Italian to English
producing broker
English to Polish
Bus/Financial
Business/Commerce (general)
producing broker agreement
Where the assured appoints a producing broker, and the producing broker delegates some or all of its duties to a placing broker, the authorities take the approach that if things go wrong then the assured has a claim only against the producing broker. It is then a matter for the producing broker to seek to recover damages or contribution from the placing broker based upon the latter’s degree of responsibility for the loss.
Where the assured appoints a producing broker, and the producing broker delegates some or all of its duties to a placing broker, the authorities take the approach that if things go wrong then the assured has a claim only against the producing broker. It is then a matter for the producing broker to seek to recover damages or contribution from the placing broker based upon the latter’s degree of responsibility for the loss.
Proposed translations
(Polish)
| 4 +1 | broker bezpośredni |
Roman Kozierkiewicz
|
References
| producing broker |
geopiet
|
Proposed translations
+1
7 hrs
broker bezpośredni
Zgodnie z definicją podaną przez Geopiet tj. The original producing broker will be the person who deals directly with the client. The term producing broker is often used in contrast to the term of placing broker although it is common for individual brokers and broking firms to undertake both functions.
Reference comments
13 mins
Reference:
producing broker
This term may refer to (a) the individual broker who obtains a proposal for insurance or reinsurance for the broking firm for which he works; or (b) a broking firm or individual broker that is responsible for introducing a proposal for insurance or reinsurance to another broking firm. The original producing broker will be the person who deals directly with the client. The term producing broker is often used in contrast to the term of placing broker although it is common for individual brokers and broking firms to undertake both functions.
https://www.lloyds.com/help-and-glossary/glossary-and-acrony...
https://www.lloyds.com/help-and-glossary/glossary-and-acrony...
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