BROKER MANDATE Sample Clauses
BROKER MANDATE. 3.1 The Broker shall not be entitled to:
3.1.1 publish or distribute any advertising material or circular concerning SAU, unless written authority has been granted by SAU as supplied by or authorised by SAU;
3.2.1 without prior consent by SAU conclude any insurance or give any undertaking or proposal that could be binding on SAU in any way.
3.1.3 act in any other way in the performance of his/her agreement, unless otherwise agreed by SAU.
3.1.4 investigate and or administer and or accept any claim for and on behalf of SAU or the Insurer without prior written agreement. Should the Insured and/or Broker not be satisfied with the result or procedures of a claim, the Broker has the right to use whatever resources necessary to resolve the matter.
3.1.5 settle any claim whatsoever.
3.1.6 commit SAU or the Insurer in anyway whatsoever without prior written agreement.
3.1.7 advertise for and on behalf of SAU‟s Insurers.
3.1.8 portray to any party that they hold any binding authority for SAU and/or its Insurers or portray the image or perception to be an employee or extension of SAU or its Insurers
3.1.9 deviate from the SAU‟s underwriting guidelines and or Policy Wording without the prior written approval of SAU or the Insurer.
3.1.10 commit SAU and/or Insurer to any block or book of business or Insurance Portfolio without prior written agreement of SAU and/or Insurer.
3.1.11 to alter or change any policy wording, underwriting criteria or premium rates without prior written agreement with SAU.
3.1.12 employ or subcontract with Sub-Brokers or handle business on or behalf of any other Brokers unless agreed in writing by SAU.
