Which of the following is a focus of the Insurance Brokers Code of Practice?

The focus of the Insurance Brokers Code of Practice is to enhance the professional competence of insurance brokers. This aspect is crucial because it ensures that brokers have the necessary skills and knowledge to provide clients with accurate information, thus fostering trust and efficiency in the insurance process. By prioritizing professional development and ethical standards, the Code aims to improve the overall quality of service within the industry, which ultimately benefits consumers.

In contrast, creating liability coverage for brokers does not represent a core focus of the Code, which instead emphasizes practices that enhance broker competency and consumer trust. Similarly, limiting consumer rights is contrary to the objectives of the Code, which aims to protect consumers' interests. Lastly, while mergers and acquisitions may be relevant in the broader context of the insurance industry, they do not directly correlate with the specific goals of the Insurance Brokers Code of Practice, which is centered on maintaining a high standard of professionalism among brokers.