Common use of Introduction and Status Disclosure Clause in Contracts

Introduction and Status Disclosure. Xxxxxx New Zealand Limited is a general insurance intermediary authorised and regulated by the Financial Markets Authority (FMA) (Financial Services Provider number FSP37782). Our ultimate parent is Xxxxxx Xxxxxx Xxxxxx PLC, a company incorporated in the Republic of Ireland and listed on NASDAQ. We are a leading insurance intermediary and risk management consultancy and offer transactional and/or advisory services for your insurance requirements over a wide range of general insurance products. We are committed to acting in your best interests at all times in providing services to you. As an insurance intermediary, we normally act for you, and we recommend and arrange insurance with one or more insurers selected from a limited range or a pre-determined panel of insurers, according to the nature of the product required. However, we sometimes act as an agent of insurers in relation to the coverage proposed, or insurers may have outsourced to us certain work related to the administration of your contract. We will disclose to you where we act as agent of insurers or provide services to insurers when providing you with information on the coverage proposed. Generally, we act as agent of insurers when insurers have granted us a binding authority or managing general agency, which enables us to accept business on their behalf and immediately provide coverage for a risk. Further, we may arrange lineslips, which enable an insurer to bind business for itself and other insurers and we may manage these lineslips for such insurers. We may place your insurance business under a binding authority, managing general agency, lineslip or similar facility where we reasonably consider these match your insurance requirements/ instructions. We shall inform you whenever we bind your insurance risk under a facility. We do not offer advice in relation to tax, accounting, regulatory or legal matters (including sanctions) and you should take separate advice as you consider necessary regarding such matters.

Introduction and Status Disclosure. Xxxxxx New Zealand Limited (Singapore) Pte Ltd is a general insurance intermediary authorised member of the Singapore Insurance Brokers’ Association, the Singapore Reinsurance Brokers’ Association, an Exempt Financial Adviser, and we have a Lloyd’s license in Singapore. We are regulated by the Financial Markets Monetary Authority (FMA) (Financial Services Provider number FSP37782)of Singapore and we follow the rules and principles established by our company for our general insurance, general reinsurance, and life insurance business activities. Our ultimate parent is Xxxxxx Xxxxxx Xxxxxx PLC, a company incorporated in the Republic of Ireland and listed on NASDAQ. In this document, Xxxxxx Xxxxxx Xxxxxx PLC, its subsidiary and joint venture companies are each referred to as a “Xxxxxx Xxxxxx Xxxxxx Company” and collectively as “Xxxxxx Xxxxxx Xxxxxx Companies”. We are a leading insurance intermediary independent intermediary, Exempt Financial Adviser and risk management consultancy consultancy, and offer transactional and/or advisory services for your insurance requirements. We offer transactional and/or advisory services for your insurance requirements over a wide range of general insurance products. We are committed to acting in your best interests at all times in providing services to you. As an insurance intermediary, we normally act for you, and we recommend and arrange insurance with one or more insurers selected from a limited range or a pre-determined panel of insurers, according to the nature of the product required. However, we sometimes act as an agent of insurers in relation to the coverage proposed, or insurers may have outsourced to us certain work related to the administration of your contract. We will disclose to you where we act as agent of insurers or provide services to insurers when providing you with information on the coverage proposed. Generally, we act as agent of insurers when insurers have granted us a binding authority or managing general agency, which enables us to accept business on their behalf and immediately provide coverage for a risk. Further, we We may arrange lineslips, which enable an insurer to bind business for itself and other insurers and we may manage these lineslips for such insurers. We may place your insurance business under a binding authority, managing general agency, lineslip or similar facility where we reasonably consider these match your insurance requirements/ instructions. We shall inform you whenever we bind your insurance risk under a facility. We do not offer advice in relation to tax, accounting, regulatory or legal matters (including sanctions) and you should take separate advice as you consider necessary regarding such matters.

Introduction and Status Disclosure. Xxxxxx New Zealand Australia Limited is a general insurance intermediary authorised and regulated to provide financial services in Australia by the Financial Markets Authority (FMA) (Australian Securities and Investments Commission under Australian Financial Services Provider number FSP37782)Licence Number 000000. Our ultimate parent is Xxxxxx Xxxxxx Xxxxxx PLC, a company incorporated in the Republic of Ireland and listed on NASDAQ. We are a leading insurance intermediary and risk management consultancy and offer transactional and/or advisory services for your insurance requirements over a wide range of general insurance products. We are committed to acting in your best interests at all times in providing services to you. As an insurance intermediary, we normally act for you, and we recommend and arrange insurance with one or more insurers selected from a limited range or a pre-determined panel of insurers, according to the nature of the product required. However, we sometimes act as an agent of insurers in relation to the coverage proposed, or insurers may have outsourced to us certain work related to the administration of your contract. We will disclose to you where we act as agent of insurers or provide services to insurers when providing you with information on the coverage proposed. Generally, Generally we act as agent of insurers when insurers have granted us a binding authority or managing general agency, which enables us to accept business on their behalf and immediately provide coverage for a risk. Further, we may arrange lineslips, which enable an insurer to bind business for itself and other insurers and we may manage these lineslips for such insurers. We may place your insurance business under a binding authority, managing general agency, lineslip or similar facility where we reasonably consider these match your insurance requirements/ instructions. We shall inform you whenever we bind your insurance risk under a facility. We do not offer advice in relation to tax, accounting, regulatory or legal matters (including sanctions) and you should take separate advice as you consider necessary regarding such matters. Core Services Provided Negotiation and Placing We will discuss with you or your representatives your insurance requirements, including the scope of cover sought, limits to be sought and cost. Upon receipt of your instructions, whether written or oral, we will endeavour to satisfy your insurance requirements. We will provide you with information about the insurance cover we recommend to you to enable you to decide whether to accept the insurance cover available. We will advise on market structures available to meet your demands and needs and, where appropriate, the relative merits of a single insurer or a multiple insurer placement. As your insurance intermediary we will answer any questions you may have on the proposed cover, its benefits, placement structure, restrictions, exclusions and conditions. You will be responsible for reviewing information on the insurance coverage recommended to you. If the coverage and terms do not accord with your instructions you should advise us immediately. We shall automatically provide you with details of all the insurer quotations we recommend. During the course of the placement of your insurance we will endeavour to keep you informed of the progress of our negotiations and identify any inability to obtain the coverage sought by you. We will use reasonable endeavours to implement your insurance programme, subject to available insurers, before the intended date of inception, renewal or extension of cover (whichever is appropriate). You are responsible for reviewing the documentation we send you confirming that you have coverage with insurers to ensure that it is in accordance with your instructions. If you have any questions about the coverage, limits or other terms and conditions, or concerns that we have not implemented your instructions correctly, please contact us immediately. Further, you should review the insurance premium payment terms we advise you. All premium payment terms must be met on time or your insurers may have the right to effect a notice of cancellation for non- payment of premium. We shall also advise of any charges additional to the insurance premium. We will forward any contract documents, if applicable, and any amendments or endorsements to your contract as soon as reasonably practicable.