Insurance intermediaries Sample Clauses
The 'Insurance intermediaries' clause defines the role and responsibilities of third parties, such as brokers or agents, who facilitate the arrangement or management of insurance policies on behalf of one or both parties to a contract. This clause typically outlines the authority of intermediaries to act, the scope of their duties, and any limitations on their ability to bind the parties or insurers. For example, it may specify whether the intermediary is authorized to collect premiums or deliver policy documents. The core function of this clause is to clarify the legal standing and obligations of intermediaries, thereby reducing misunderstandings and ensuring that all parties are aware of who is authorized to act in relation to the insurance arrangements.
Insurance intermediaries. Arising from any Insured acting as an insurance intermediary.
Insurance intermediaries. The Company may provide personal information to its insurance intermediaries, such as brokers and agents, to provide service to Customers. In these situations, the third parties will be provided with only the information appropriate to the circumstances.