Market Security. We assess insurers and markets with whom we place business, using public information including that produced by recognised rating agencies. We do not, however, guarantee or otherwise warrant the solvency of any insurer or market used for your requirements. The decision regarding suitability of any insurer or market rests with you. If you have any concerns, regarding any insurers chosen for your insurance requirements you must advise us as soon as possible and we will discuss them with you.
Market Security. 24.1 The Broker does not guarantee the financial position and solvency of any market utilised and cannot guarantee the future stability or any market to meet its client obligations and therefore the final decision on the suitability of any market rests with the Sub Broker as agent of the client.
Market Security. We assess insurers and markets with whom we place business, using public information including that produced by recognised rating agencies. We do not, however, guarantee or otherwise warrant the solvency of any insurer or market used for your requirements. The decision regarding suitability of any insurer or market rests with you. If you have any concerns, regarding any insurers chosen for your insurance requirements you must advise us as soon as possible and we will discuss them with you. Quotations MST does not guarantee premiums quoted by insurers. All quotations are provided by insurers and subject to subsequent acceptance by insurers, unless otherwise stated. All premiums quoted include our brokerage where applicable.
Market Security. 5.1. We check the financial strength ratings provided by specialist agencies for each participating insurer and, based on these, we may seek your specific approval of some proposed security. We do not assess or guarantee the solvency of any insurer.
Market Security. We assess insurers and markets with whom we place business, using public information including that produced by recognised rating agencies. We do not, however, guarantee or otherwise warrant the solvency of any insurer or market used for your requirements. The decision regarding suitability of any insurer or market rests with you. If you have any concerns, regarding any insurers chosen for your insurance requirements you must advise us as soon as possible and we will discuss them with you. Quotations MST does not guarantee premiums quoted by insurers. All quotations are provided by insurers and subject to subsequent acceptance by insurers, unless otherwise stated. All premiums quoted include our brokerage where applicable. HEALTH AND WELLNESS CONSULTING AND RISK MANAGEMENT SERVICES MST will if required and agreed by MST, provide the Health and Wellness Consulting and Risk Management services described in Appendix A. EMPLOYEE HEALTH BENEFITS ADMINISTRATION SERVICES MST will if required and agreed by MST, provide the Employee Health Benefits Administration services described in Appendix B. Our Respective Responsibilities Proposal Forms For certain classes of insurance you may be required to complete a proposal form, questionnaire or similar document. We will provide guidance if needed but we are not able to complete the document for you. In most cases, the information you provide will be the basis of or form part of the insurance policy. The provision of incorrect or incomplete information may result in the insurer denying a claim or avoiding the policy (cancelling the policy from inception). Disclosure of Information You are responsible for providing us or your insurers with the information we request from you to enable us to seek the cover you require. We will not be responsible for any consequences which may arise from any delay or failure by you to do so. Further, you must disclose to us or your insurers all information which is material to your requirements for cover or which might influence insurers in deciding to accept your business, finalising the terms to apply and/or the cost of cover. You should not rely on Insurers to request material information from you. Failure to make such disclosure could result in the policy being rendered void, so that claims may not be paid. This duty of disclosure applies before the start of cover, when all material information must be disclosed to insurers to enable terms to be negotiated and cover arranged. This is no...
Market Security. The Company does not guarantee the solvency of any Insurer used or offered as security.
Market Security. Whilst the Underwriting Agent monitors the financial strength of Insurers with whom business is placed, it should be noted that the claims paying ability of even the strongest Insurers may be affected by adverse business conditions. The Underwriting Agent cannot therefore assess or guarantee the solvency of any Insurer at any time. If an Insurer who has granted risk transfer becomes insolvent, any related premiums held for that Insurer are deemed to have been paid to them and will not be returnable. In the event of an Insurer’s insolvency there may still be a liability to pay the premium due. The Underwriting Agent does not accept any liability for any unpaid amounts in respect of claims or return premiums due from a participating Insurer who becomes insolvent or delays settlement.
Market Security. We seek insurance only from insurers which meet our financial security criteria, unless we receive specific instructions from our clients to the contrary. We cannot and do not guarantee the solvency or continuing solvency of any insurer used. You should note the financial position of an insurer can change after cover has incepted.
Market Security. The purpose of market security monitoring and evaluation is to ensure as far as possible that risk is transferred to (re)insurers with the resources to bear that risk when the insurance policy is placed. However, LCNZ does not guarantee the performance of any insurer or intermediary with which we place your business. Insurers We Use When we recommend an insurance policy for you, we will usually only consider the policies offered by the insurers or insurance providers whose security has been examined and approved by our Market Security Committee. In giving you advice about the costs and terms of recommended policies, we have not compared those policies to all other policies available, other than from those insurers we deal with regularly. We undertake a review of all insurers with which we deal with on a regular basis. Third Party Rights Unless otherwise agreed between us in writing, and to the extent permitted by applicable law, no term of this Agreement is enforceable by a third party, except by members of Lockton Companies LLP.
Market Security. We check the financial strength ratings of the insurers with whom we place your business using specialist rating agencies. We do not assess or guarantee the solvency of any insurer at any time during the contract period. If an insurer who has granted risk transfer to us becomes insolvent, any related premiums we hold for that insurer are deemed to have been paid to them and will not be returnable to you. In the event of any insurer’s insolvency, you may still have a liability to pay the premium. We do not accept any liability for any unpaid amounts in respect of claims or return premiums due to you from a participating insurer who becomes insolvent or delays settlement. You will also additionally have the responsibility for payment of premiums if you require replacement security. Financial Crime We may ask you for evidence of your identity at the start of our business relationship. In the absence of such evidence, we may be unable to act for you. This is to help us to meet our obligations under anti-money laundering regulations. We observe sanctions legislation in the territories in which we operate. We will use information about you and others named on your policy to check information against UK and other sanction lists. We comply will all applicable laws, regulations, codes and sanctions relating to anti-bribery and anti-corruption including but not limited to the Bribery Act 2010 and shall not engage in any activity, practice or conduct which would constitute an offence.
