The advisory roleThe advisory role

 

 

1. Syndicates of Co-ownership: list of documents When evaluating a new risk for a syndicate of co-ownership (often referred to as a “condominium association”) for the first time or when renewing it, it is important to fully understand the syndicate in order to propose coverage that best meets its specific needs. http://www.chad.ca/en/members/professional-practice/toolbox/the-advisory-role/445/1-syndicates-of-co-ownership-list-of-documents1. Syndicates of Co-ownership: list of documents When evaluating a new risk for a syndicate of co-ownership (often referred to as a “condominium association”) for the first time or when renewing it, it is important to fully understand the syndicate in order to propose coverage that best meets its specific needs.
2. Tip Sheet on Environmental Risks –PollutionSince an environmental accident can turn out to be much more extensive or complex than initially expected, it is crucial that representatives be fully aware of the limits of their knowledge and skills before accepting and undertaking a mandate.http://www.chad.ca/en/members/professional-practice/toolbox/the-advisory-role/485/2-tip-sheet-on-environmental-risks-pollution2. Tip Sheet on Environmental Risks –PollutionSince an environmental accident can turn out to be much more extensive or complex than initially expected, it is crucial that representatives be fully aware of the limits of their knowledge and skills before accepting and undertaking a mandate.
3. Table comparing endorsement Q.E.F. No. 43 to Q.P.F. No. 5Although these two products have certain similarities, it is important for damage insurance professionals to be aware of and understand the differences between them, in order to explain their advantages and disadvantages to their clients and help them make an informed decision on the product that best suits their needs. http://www.chad.ca/en/members/professional-practice/toolbox/the-advisory-role/504/3-table-comparing-endorsement-qef-no-43-to-qpf-no-53. Table comparing endorsement Q.E.F. No. 43 to Q.P.F. No. 5Although these two products have certain similarities, it is important for damage insurance professionals to be aware of and understand the differences between them, in order to explain their advantages and disadvantages to their clients and help them make an informed decision on the product that best suits their needs.
4. Insurance Checklist for Syndicates of Co-ownership This insurance checklist is intended for the co-ownership syndicate’s directors. It specifies their main obligations and lists the important information and necessary documents that must be sent to all the co-owners and the damage insurance agent or broker in order to obtain adequate coverage.http://www.chad.ca/en/members/professional-practice/toolbox/the-advisory-role/519/4-insurance-checklist-for-syndicates-of-co-ownership4. Insurance Checklist for Syndicates of Co-ownership This insurance checklist is intended for the co-ownership syndicate’s directors. It specifies their main obligations and lists the important information and necessary documents that must be sent to all the co-owners and the damage insurance agent or broker in order to obtain adequate coverage.
Plain language, please!The Syndic’s Office receives many complaints that result from a misunderstanding on the part of the insured. During our investigations, we actually see many cases where the professional is able to confirm to us, supporting notes in hand, that he did in fact explain the issues to the insured. http://www.chad.ca/en/members/professional-practice/toolbox/the-advisory-role/452/plain-language-pleasePlain language, please!The Syndic’s Office receives many complaints that result from a misunderstanding on the part of the insured. During our investigations, we actually see many cases where the professional is able to confirm to us, supporting notes in hand, that he did in fact explain the issues to the insured.
Representatives must exercise professional independence at all timesIn this judgement, the Court of Appeal recognized that the “alter ego” theory applied to ChAD members. This theory makes it possible to recognize the personal responsibility of a professional who delegates duties that should be performed by a certified individual to a person who is not certified. http://www.chad.ca/en/members/professional-practice/toolbox/the-advisory-role/439/representatives-must-exercise-professional-independence-at-all-timesRepresentatives must exercise professional independence at all timesIn this judgement, the Court of Appeal recognized that the “alter ego” theory applied to ChAD members. This theory makes it possible to recognize the personal responsibility of a professional who delegates duties that should be performed by a certified individual to a person who is not certified.
The Limits on the Insurer’r Duty to AdviseOn July 2, 2014, the Court of Appeal of Quebec rendered an interesting decision regarding property insurance . The Court dealt with the limits on the duty of an insurer to advise its insured and the obligation of the insured to mitigate his damages.http://www.chad.ca/en/members/professional-practice/toolbox/the-advisory-role/393/the-limits-on-the-insurerr-duty-to-adviseThe Limits on the Insurer’r Duty to AdviseOn July 2, 2014, the Court of Appeal of Quebec rendered an interesting decision regarding property insurance . The Court dealt with the limits on the duty of an insurer to advise its insured and the obligation of the insured to mitigate his damages.
When insureds separateThe Discipline Committee of the ChAD was recently asked to rule on the issue of a damage insurance representative’s duty to advise following the separation of two of his clients. http://www.chad.ca/en/members/professional-practice/toolbox/the-advisory-role/481/when-insureds-separateWhen insureds separateThe Discipline Committee of the ChAD was recently asked to rule on the issue of a damage insurance representative’s duty to advise following the separation of two of his clients.