Direct Broker definition

Direct Broker means an insurance broker who for the time-being licensed by the Authority to act as such, for a remuneration carries out the functions as specified under regulation 4 either in the field of life insurance or general insurance or both on behalf of its clients;
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Direct Broker means an Insurance Broker, registered by the Authority, who for a remuneration and/or a Fee, solicits and arranges insurance business for its clients with insurers located in India and/or provides claims consultancy, Risk Management services or other similar services, permitted under these regulations.
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Direct Broker means an insurance broker who for the time-being registered by the Authority to act as such, for a remuneration or fee arranges insurance for its clients with insurers;
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Examples of Direct Broker in a sentence

  • The Bidder should have a valid Composite Broker License and / or Direct Broker License issued by Insurance Regulatory and Development Authority of India (IRDAI) or any other such Statutory Authority of India.

  • Copy of valid Composite Broker License and / or Direct Broker License issued by IRDAI or any other such Statutory Authority of India.

  • We have discussed these options with you, and you have selected the following option for payment of Broker Fees: (check the applicable box below) □ You will pay all Broker Fees Directly Amount of Fee Application Fee $ Broker Fee (an amount not to exceed % of loan amount) $ Processing Fee $ Other: $ Total Direct Broker Fees: $ (Excluding fees paid to third parties, such as appraisal fees) (Must be completed) □ The Mortgage Lender will pay the Broker Fees The Lender will pay us a Broker Fee.

  • MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013.

  • Direct Broker to attend transportation meetings or seminars (statewide, regional or local) as deemed appropriate.

  • MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013 for doing insurance broking business.

  • The functions of Direct Broker, Reinsurance Broker and Composite Broker are outlined in Schedule I of these regulations.

  • Maximum Broker Fee: Total including Direct Broker Fees and Broker Compensation that the Lender will pay.

  • Branch Location: Date of Proposal:Source of Lead: Direct Broker Corporate Agent Agency Name of the Source: Code:Client ID: Proposal No:Industry Type: Category: Central PSU State PSU Non PSUKey Account Manager Region:Name:Key Account Manager Employee ID:CIF Code/RMCIF/RM Name: PF Index No: Instructions For Filling In The Form:1.

  • Muthoot Insurance Brokers, an IRDA registered Direct Broker in Insurance products, generated a first year premium collection amounting to Rs. 22 Crore and Rs. 37 Crore during Q2 FY18 and H1 FY18 as against Rs. 19 Crore and Rs. 29 Crore in the previous year respectively.Asia Asset Finance PLC, the Sri Lankan subsidiary of Muthoot Finance, increased its loan portfolio during the Quarter by 5% and for the half year by 10% at LKR 949 Crore.


More Definitions of Direct Broker

Direct Broker means an insurance broker registered with the Authority who for a remuneration and/or a fee, solicits and arranges insurance business for its clients with insurers, and/or provide risk management services as permitted under these regulations;
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Direct Broker means an insurance broker who is licensed by the Authority to act as such, for remuneration (commission, fees etc) carries out the functions as specified under section 3 of this regulation either in the field of life insurance or general insurance or both, on behalf of his clients.
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Related to Direct Broker

  • Data Broker means either of the following:

  • Prime Broker means a Person that acts as credit counterparty for transactions executed on the SEF in the name and on behalf of such Person by its client or an agent of its client that is a BSEF Participant and that has authorized a Participant to send RFQs, place Orders or enter into Trades in the name and on behalf of such Person.

  • Associate broker means a licensed broker who is employed by

  • Designated Broker means the financial services firm or other agent designated by the Company to maintain ESPP Share Accounts on behalf of Participants who have purchased shares of Common Stock under the Plan.

  • Authorized Broker means those Brokers which are authorized to deal in Government Securities.

  • Introducing Broker means any financial institution or advisor or legal or natural person obtaining remuneration from the Company and/or Clients for introducing Clients/interested parties to the Company.

  • Real estate broker means an individual or business entity that, with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses of, lists or offers or attempts to list, or negotiates the purchase, sale, or exchange of real estate; that negotiates the mortgage of real estate; that negotiates for the construction of a building on real estate; that leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; that engages in property management as a whole or partial vocation; that sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or that, as owner or otherwise, engages in the sale of real estate as a principal vocation.

  • Seller’s Broker means CB Xxxxxxx Xxxxx.

  • Participating Broker- Dealer: See Section 2(b) hereof. Person: An individual, trustee, corporation, partnership, limited liability company, joint stock company, trust, unincorporated association, union, business association, firm or other legal entity. Private Exchange: See Section 2(b) hereof.

  • Approved Broker means Arrow, Xxxxx Xxxxxxxx Sales, Clarksons, Xxxx Xxxxxxxx, SSY Valuation Services, Maersk Brokers, XX Xxxxxx Shipbrokers and Fearnleys (or such subsidiary or other company in the same corporate group through which valuations are commonly issued) and, in the plural, means all of them;

  • Broker investment adviser," "net assets," "sale," "sell" and "security" shall have the same meanings as such terms have in the 1940 Act, subject to such exemption as may be granted by the SEC by any rule, regulation or order. Where the effect of a requirement of the federal securities laws reflected in any provision of this Agreement is made less restrictive by a rule, regulation or order of the SEC, whether of special or general application, such provision shall be deemed to incorporate the effect of such rule, regulation or order. This Agreement may be signed in counterpart.

  • Principal broker means a broker who is either a real estate proprietor, a partner in a real estate partnership, or an officer in a real estate corporation.

  • Mortgage broker means any person who for compensation or

  • Customs Broker means that individual, partnership, entity or corporation licensed by the Canada Border Services Agency, or other authorized body, to engage in the business of a customs broker and who is named as the Customs Broker in the Agency Agreement and Power of Attorney.

  • Morgan Stanley Broker means a broker-dealer affiliated with Morgan Stanley.

  • Landlord’s Broker means the individual or corporate broker identified on the Basic Lease Information sheet as the broker for Landlord.

  • Salesperson means any person holding an Iowa real estate salesperson license as defined in Iowa Code section 543B.5(19).

  • Tenant’s Broker means the individual or corporate broker identified on the Basic Lease Information sheet as the broker for Tenant.

  • REAL ESTATE BROKERS The following real estate brokers (collectively, the "Brokers") and brokerage relationships exist in this transaction and are consented to by the Parties (check applicable boxes): Xxxxxx Xxxx, Inc. represents [_] Lessor exclusively ("Lessor's Broker"); |X| both Lessor and Lessee, and _____________________________________________________________________ represents [_] Lessee exclusively ("Lessee's Broker"); |_| both Lessee and Lessor. (See Paragraph 15 for further provisions.)

  • Sponsoring Broker means a Participant other than a DMA Customer that allows its designated Customers to access the SEF Platform using the Participant ID of the Participant and (i) with respect to Cleared Swaps, is a Clearing Member; and (ii) with respect to Non-Cleared Swaps, is (x) an FCM or Introducing Broker; or (y) non-U.S. Person acting in a similar capacity that is not required to register as an FCM or Introducing Broker under the Act and that is appropriately licensed in a jurisdiction where its DMA Customer is located.

  • Loan broker means any person who, for compensation or gain, or in the expectation

  • Pawnbroker means the same as that term is defined in Section 13-32a-102.

  • Real estate brokerage activity means any activity that involves offering or providing real estate brokerage services to the public, including:

  • Insurance broker means an insurance brokerage firm,

  • Commodity Broker means any person who engages in the business of effecting transactions in Commodity Contracts for the account of others or for his or her own account.

  • Salesman means an individual, other than a dealer, employed, appointed or authorized by a dealer to sell securities in this state. The partners or executive officers of a registered dealer shall not be deemed salesmen within the meaning of this definition.