Can anyone advise requirements for broker to state % of business he/ she has with different insurers ... also the commission structure for different policies transacted.
There is no obligation to state the percentage of business with different insurers. What would be the point in that?
Again don't have to show a commission structure, sufficient to state that various level of commission are paid. You can ask. They only have to state their fee.
No reason why they might tell a customer- except to indicate for example that perhaps 99% of business was transacted with one insurer, compared to a listing of various insurers listed on their website
Aware of one broker who lists all - included first year and subsequent commission on their brochure, etc
Therefore, was checking if this was simply being open and transparent or something extra