While preparing a proposal for a potential client, you notice that payroll has been consistently understated by the insured in both applications and self-audits. You represent the insurer involved, but are not seeking a quote from that insurer because of an agent-of-record letter.
What are your ethical duties to the current insurer, the proposed insurer and the client for whom you are seeking a quote?
Readers responding to this question of ethics are in general agreement about the agent's ethical duties to the proposed insurer. Most respondents are in agreement about ethical duties to the insured also.
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