State five duties each of the following. (a) insurance brokers (b) insurance-agents (c) Nigerian Insurers Association.

(a) Five duties of insurance brokers

1. To advise the client on the most suitable type and amount of cover for his needs.
2. To place the risk with a sound and reputable insurer offering competitive terms.
3. To assist the insured in completing the proposal form and in disclosing all material facts.
4. To assist the client in the presentation and negotiation of claims against the insurer.
5. To collect premiums from the insured and remit them to the insurer, and to keep proper records of business transacted.

(b) Five duties of insurance agents

1. To canvass for and introduce new business to the insurer he represents.
2. To explain the terms and conditions of the policy to prospective policyholders.
3. To assist proposers to complete proposal forms accurately.
4. To collect premiums on behalf of the insurer and remit them promptly.
5. To help policyholders report claims and provide after-sales service such as reminding clients of renewals.

(c) Five duties of the Nigerian Insurers Association (NIA)

1. To protect, promote and advance the common interests of member insurance companies.
2. To set and enforce a code of ethics and good market conduct among members.
3. To liaise with the government and the regulator (NAICOM) on matters affecting the industry.
4. To operate industry schemes such as the ECOWAS Brown Card and to maintain records like the industry database on claims.
5. To promote public awareness and confidence in insurance and to settle disputes among member companies.