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 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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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.

  • Broker Fees That You Will Pay Directly Amount of Fee Application Fee $ Processing Fee $ Other: (e.g. Origination Fee) $ Broker Points ( % of loan amount) $ $ (Must be completed) + $ (Must be completed) = $ Total Direct Broker Fees You Will Pay: Excluding fees paid to third parties, such as appraisal fees) Broker Compensation That the Lender Will Pay: The mortgage lender will pay a yield spread premium to us as your mortgage broker­ yield spread premium will not exceed % of your loan amount.

  • 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.

  • 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.

  • Nothing in this paragraph shall prevent you from requesting that the applicable arbitration entity reduce or waive your fees, or that car2go voluntarily pay an additional share of said fees, based upon your financial circumstances or the nature of your claim.


More Definitions of Direct Broker

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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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:

  • 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.

  • Approved Broker means a Firm-approved third-party broker for Employee Securities Accounts.

  • Broker means any person engaged in the business of effecting transactions in securities for the account of others.

  • 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.

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

  • 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,

  • 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.