Protecting Your Money definition

Protecting Your Money. We hold your premium payment under risk transfer as agent of the insurers and we do this by paying it into an insurer premium trust account until it is passed to the insurers. This is to protect your money and means that whilst your money is in the account, it cannot be used for any purpose other than paying the insurers or any brokers through whom we may have arranged your insurance. We will retain any interest earned on the account. Financial Services Compensation Scheme (FSCS): We are covered by the FSCS. You may be entitled to compensation from this scheme if we cannot meet our obligations. Further information is available from xxx.xxxx.xxx.xx Cancellations: If you decide to cancel you should always discuss this with us on 020 3890 5160 as there may be other options available to you. Some Insurers require the cancellation to be in writing. Please note, cancelling your direct debit does not cancel your policy. The policy can be cancelled anytime during the period of Insurance, but charges will vary depending on when you cancel. 14-day cooling off period All Consumers have a 14-day cooling off period from the start date of the policy, or the date you receive your documents whichever is the latter. We will charge you £50.00, and the Insurers will charge for any days of cover provided plus an administration fee. There will be a £50.00 cancellation charge if you ask us to arrange a policy for you and then change your mind before it starts. Cancellations after 14 days Our charge is £50.00. The Insurers will charge you for the time on cover or a percentage of the premium. Below are examples of typical charges for the percentage of the premium. Premium payable 30% 40% 50% 60% 70% 80% 90% 100% You may be entitled to a refund of premium if your premium has been paid in full. If you are paying by instalments there may be an outstanding balance to pay. If you have made a claim the full premium may be payable. Additional products are non-refundable after 14 days. Refunds will be processed normally within 14 days once we have received all the documentation from you and your Insurers.
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Protecting Your Money. We hold your premium payment under risk transfer as agent of the insurers and we do this by paying it into an insurer premium trust account until it is passed to the insurers. This is to protect your money and means that whilst your money is in the account, it cannot be used for any purpose other than paying the insurers or any brokers through whom we may have arranged your insurance. We will retain any interest earned on the account. Consent To Use A Trust Bank Account: In accepting these terms of business you consent to Virtual Insurance Products Ltd holding your money in a trust bank account. Financial Services Compensation Scheme (FSCS): We are covered by the FSCS. You may be entitled to compensation from the scheme we cannot meet our obligations. This depends upon the type of insurance and the circumstances of the claim. Most insurance contracts are covered for 90% of the claim. Further information is available from the Financial Conduct Authority or the FSCS. The FSCS can be visited on the web at xxx.xxxx.xxx.xx or by contacting the FSCS on 0207 892 7300. Law and Jurisdiction: These terms of business shall be governed by and construed in accordance with English law. In relation to any legal action or proceedings arising out of or in connection with these terms of business we both irrevocably submit to the non-exclusive jurisdiction of the English courts.
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Examples of Protecting Your Money in a sentence

  • Let us refer to [1, 14, 15] for examples, discussion and further references.

  • Another report, by [19] claims some employees spend around two hours a day on Facebook in the workplace.

  • Value for Money Council Services- Protecting Your Money: The review of the disabled facilities grant service aims to secure improvements in the speed of delivery of disabled facilities grants and secure cost efficiencies through reduced service costs.

  • Protecting Your Money We hold your premium payment under risk transfer as agent of the insurers and we do this by paying it into an insurer premium trust account until it is passed to the insurers.

  • Instructional units include Economics and Business Ownership, Business and Personal Finance Basics, Protecting Your Money, Banking and Credit, and Investments and Personal Finances.

  • Protecting Your Money We hold your premium (payment or refund) in a trust account as agents of the insurers until it is passed to the insurers or refunded to you.

  • Financial Steps for Caregivers: What You Need to Know about Protecting Your Money and Retirement.

  • All borrowers who are resolved by the Contractor will be offered Financial Avenue’s Foundations of Money and Credit and Protecting Your Money courses.

  • Resolved borrowers receive complimentary access to two of the Contractor’s online financial literacy courses, Foundations of Money and Credit and Protecting Your Money.

  • Protecting Your Money Before we send your premium on to the insurer, we hold it in an insurer trust account.

Related to Protecting Your Money

  • Public money means any funds or money obtained from any governmental entity, including, but not limited to, research grants.

  • Xxxxxxx Money shall have the meaning assigned thereto in Section 2.3.

  • E-Money means electronic money as defined in the SI No. 183/2011 – European Communities (Electronic Money) Regulations 2011.

  • Retention Money means the aggregate of amount retained by the Employer as Security Deposit.

  • Proprietary Controls means easements or covenants running with the land that (a) limit land, water, or other resource use and/or provide access rights and (b) are created pursuant to common law or statutory law by an instrument that is recorded in the appropriate land records office.

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Safeguarding means measures or controls that are prescribed to protect information systems.

  • Public moneys means all moneys belonging to, received by, or held by, the state, or any city, county, town, district, or public agency therein, or by an officer thereof acting in his or her official capacity, and includes the proceeds of all bonds and other evidences of indebtedness, trust funds held by public pension and retirement systems, deferred compensation funds held for investment by public agencies, and public moneys held by a financial institution under a trust indenture to which a public agency is a party.

  • Security Measures has the meaning given in Section 7.1.1 (Google’s Security Measures).

  • Plagiarism means to take and present as one's own a material portion of the ideas or words of another or to present as one's own an idea or work derived from an existing source without full and proper credit to the source of the ideas, words, or works. Plagiarism includes, but is not limited to:

  • Application Money shall have the meaning ascribed to it in Clause 1.11; “Association” shall mean the body to be created by the Apartment Acquirers;

  • Safeguard means any procedures, practices, or actions with respect to the Project, a Site or Work for the purpose of preventing, mitigating, or containing foreseeable accidents, injuries, damage, release of hazardous material or environmental harm.

  • Secured Money means all money which any Obligor owes to the Lender whether under this Agreement or any other arrangement (including amounts that may be advanced after the date of this Agreement);

  • Insured”, “You”, “Your means a person:

  • Protect means taking measures to safeguard personally identifiable information and prevent its breach that are functionally equivalent to those called for in that OMB memorandum and elaborated on in the [federal] General Services Administration (GSA) Directive CIO P 2180.1 GSA Rules of Behavior for Handling Personally Identifiable Information.

  • You, Your, Yourself means the Insured Person shown in the Schedule.

  • Detention or "detain" means the lawful confinement of a

  • Affordable means, a sales price or rent level that is within the means of a low- or moderate- income household as defined within N.J.A.C. 5:93-7.4, and, in the case of an ownership unit, that the sales price for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.6, as may be amended and supplemented, and, in the case of a rental unit, that the rent for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.12, as may be amended and supplemented.

  • confiscation means a penalty or a measure, ordered by a court following proceedings in relation to a criminal offence or criminal offences resulting in the final deprivation of property;

  • Confidential Information has the meaning set forth in Section 6.1.

  • Sensitive Personal Information or “SPI” means the information categories listed at Tex. Bus. & Com. Code § 521.002(2).

  • terrorism financing means directly or indirectly, unlawfully and wilfully, provides or collects funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out acts of terrorism.

  • Customer Information means any information contained on a customer’s application or other form and all nonpublic personal information about a customer that a Party receives from the other Party. Customer Information shall include, but not be limited to, name, address, telephone number, social security number, health information, and personal financial information (which may include a Masterworks user account number).

  • Proceeds of crime means any property derived from or obtained, directly or indirectly, through the commission of an offence;

  • Confidential personal information means a party’s or a party’s child’s Social Security number; date of birth; driver license number; any other names used, now or in the past; and employer’s name, address, and telephone number.

  • Executive Order No. 13224 means the Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001, as the same has been, or shall hereafter be, renewed, extended, amended or replaced.