Non-statutory Trust definition

Non-statutory Trust has the meaning it bears in the Rules;
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Examples of Non-statutory Trust in a sentence

  • We hold money collected from you for onward transmission to the insurer, and return premiums/credits/claim payments from insurers, in a Client Bank Account under a Non-statutory Trust in accordance with the authorisation we have from the Financial Conduct Authority to do so.

  • We hold client money collected for onward transmission to insurers and return premiums due to clients from insurers in a Client Bank Account, under a Non-statutory Trust in accordance with FCA rules.

  • Handling Client and Insurer Money We hold client money collected for onward transmission to insurers and return premiums (and claim payments) due to clients from insurers in a Client Bank Account, under a Non-statutory Trust in accordance with FCA rules.

  • Handling Client and Insurer money We hold client money collected for onward transmission to insurers, return premiums and claim payments due to clients from insurers in a Client Bank Account with Lloyds Bank, under a Non-statutory Trust in accordance with FCA rules.