This is an Appointed Introducer Agreement (the “Agreement”)
between (the “Company”), Rentguard Ltd and (the “Appointed Introducer”),
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.......................................................... whose principal place of business is..............................
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Rentguard is an independent insurance broker whose principal place of
business is: 27 Great West Road, Brentford, London TW8 9BW.
REGULATORY AUTHORITY
Rentguard Ltd is Authorised and Regulated by the Financial Conduct Authority
(No. 670126). Rentguard is permitted to arrange insurance on behalf of a
number of insurers, and provides information about all its products.
TERMS OF AGREEMENT
The Introducer agrees to introduce clients to the Company for general
insurance business.
The Company agrees that upon the introduction of a customer (the
“Customer(s)”) to the Company it will:
1. Treat the Customer as its customer for the purpose of arranging
general insurance.
2. Inform the Introducer should it become unable to provide insurance
to the Customer.
The Firm accepts no liability for any activities undertaken by the Introducer
outside the terms of this Agreement, including insurance advice given by the
Introducer.
The Introducer must allow the Company, or a FCA monitor, access to any
premises, files, records, documents, audio tapes and other material or
information as the Company or FCA may request to monitor or investigate
the Introducer’s compliance with the rules or guidelines.
REMUNERATION
1. The Company shall pay commission to the Introducer in respect of
the insurance business transacted for a Customer as a direct result
of an introduction by the Introducer.
2. The Introducer agrees to repay upon demand to the Company an
appropriate proportion of any commission received if this becomes
repayable in full or part by the Company to any other party. This is
relevant in the event of cancellation or amendment to policies relating
to the Introducer.
Provided that there have been no claims under the policy,
Cancellations made after 14 days of the inception date will be subject
to a cancellation fee of up to £35 plus a pro-rata premium for time on
cover. Please note any administration fees charged are non-refundable
if cancelled after the 14 day cooling off period.
On certain policies, such as Legal Expenses & Rent Guarantee
Insurance, there is no refund payable after the 14 days, where this is
applicable it would be highlighted in the policy wording.
3. For the purpose of this agreement the term commission will
also include fees that may be levied by the Company in lieu of
commissions being payable from a third party.
4. The Company agrees to pay ......... % of Buildings and/or Contents
Insurance premiums and ......... % on all Legal Expenses Insurance
premiums to the Introducer, on all policies set up as a result of the
Introduction.
5. The Company undertakes to make payment of any commissions
owing on or around the 20
th
day of the following month in which it
is received.
RESTRICTION ON ACTIVITIES
The Introducer will not engage in any general insurance activities and
specifically is not authorised to:
1. Explain how a type of insurance cover works in general terms or
with reference to a particular policy.
2. Advise on or sell insurance.
3. Collect premiums
4. Complete or help complete a Proposal for Insurance or collect
information (other than contact details).
5. Provide advice or opinions in relation to any claim or potential
claim.
6. Hold themselves out as an appointed agent of the Company or a
member of the Financial Conduct Authority.
TERMINATION
1. The Agreement may be terminated at any time by either party
giving 30 days notice in writing to the other.
2. The agreement will be terminated immediately if the Introducer
engages in any general insurance activities that are specifically
excluded by this agreement.
3. Should this agreement be terminated at any stage, then any work in
progress will be completed by the Parties and commissions or fees
shared accordingly. In addition, the right of the Company to reclaim
any commissions previously paid on policies that have since lapsed
will not be affected by the termination of this Agreement.
RIGHTS TO INSPECT FILES
Under the terms of our regulation by the Financial Conduct Authority, we
retain the rights for both the Company and the FCA monitors to inspect the
files for those mutual clients who have been introduced to the Company.
This agreement will supersede any and all prior agreements or
arrangements between the parties herein.
INTRODUCER AGREEMENT
Rentguard Ltd
SIGNED FOR AND ON BEHALF OF
APPOINTED INTRODUCER NO. DATE APPOINTED
Signature (Company Representative)
Name (Please PRINT)
Appointed Introducer
Name (Please PRINT)
Position in Company Position in CompanyDate Date
Signature (Appointed Introducer Representative)
Rentguard | 27 Great West Road, Brentford, London TW8 9BW | Tel: 0208 587 1060 | Fax: 0208 587 1061 | www.rentguard.co.uk | info@rentguard.co.uk
Rentguard Limited is registered in England and Wales under number 9125814 and authorised and regulated by the Financial Conduct Authority.
