Leicestershire-based broker Ashwood Law has been reprimanded by the GISC enforcement committee for refusing to supply information requested by GISC inspectors.
Ashwood Law is the third broker penal ...
Leicestershire-based broker Ashwood Law has been reprimanded by the GISC enforcement committee for refusing to supply information requested by GISC inspectors.
Ashwood Law is the third broker penalised by the GISC in the past two months, following public reprimands for Laing & Co and JR Carrigan & Son.
A GISC statement said Ashwood Law, a commercial and personal lines broker, had "failed to respond to the GISC's requests for information following a monitoring visit. The enforcement committee wishes to make it clear that members are bound to supply requested information to the GISC.
"In addition to other penalties, the committee has decided that Ashwood Law should be publicly reprimanded."
Northern Irish broker Laing & Co was recently rapped by the GISC for grossing up premium in breach of core principles 1.1 and 1.2 of the GISC commercial code.
"These principles require members to act with due skill, care and diligence and to observe high standards of integrity and deal openly and fairly with their commercial customers," a GISC statement said.
In July of this year, JR Carrigan & Son was fined £10,000 by GISC after it was found the Leicestershire-based broker had prepared and submitted to insurers proposal forms that were "inaccurate and which purported to have been signed by the insured when this was not the case".
As well as being fined, J R Carrigan was suspended from membership of GISC for six months.
