BIPAR Principles Sample Clauses
The BIPAR Principles clause establishes a set of ethical and professional standards for intermediaries in the insurance and financial services sectors. It typically outlines expectations regarding transparency, fair treatment of clients, and the avoidance of conflicts of interest, often referencing guidelines developed by the European Federation of Insurance Intermediaries (BIPAR). By incorporating these principles, the clause ensures that parties adhere to recognized industry norms, promoting trust and consistency in business practices and helping to prevent disputes arising from unethical conduct.
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BIPAR Principles. A set of high level principles to follow when handling the placement of a risk with multiple insurers, agreed with DG Competition by BIPAR, the European Federation of Insurance Intermediaries.
1.13 Any reference to “law” or "legal requirements" includes any applicable, common or customary law and any treaty, constitution, statute, legislation, decree, rule, regulation, code of practice, judgement, order, writ, injunction, determination, award or other legislative or administrative measure or judicial or arbitral decision in any jurisdiction which has the force of law or compliance with which is in accordance with the general practice of such jurisdiction.
1.14 In this Agreement where appropriate, reference to a statutory provision (including for the avoidance of doubt a reference to a rule from the UK Regulator) includes a reference to the same as modified, re-enacted or both from time to time before or after the date of this Agreement and any subordinate legislation made under the same before or after the date of this Agreement.
BIPAR Principles. A set of high level principles to follow when handling the placement of a risk with multiple insurers, agreed with DG Competition by BIPAR, the European Federation of Insurance Intermediaries.