Toba Agreement

25.3 If the broker commits fraud of any kind and/or dishonesty and/or misrepresents the company and/or acts without authority (“illegal acts”), the company has the right to terminate the agreement with immediate effect and/or at the discretion of the company from the date of the unauthorized acts; and b) withhold commissions or other funds owed to the broker; and (c) to account for all funds due by the broker to the company; and (d) to charge the broker all damages, costs and expenses incurred by the company during the investigation and verification of unauthorized acts, the standard agreement, which according to Biba brokers can save up to 80 hours of work, can now be issued via the RegTech platform. Recently, discussions have taken place within the Broker Insurer Forum, an ABI-BIBA group, on TOBA standardization models, and agreement has been reached on a standardized format that can now be used by ABI members when issuing modified TOBAs to their broker partners. Since then, the British Insurance Broker Association (BIBA) has created a TOBA model. For those who wish to pay in increments, we usually only introduce premium Credit Limited customers. We may offer options to pay in installments with other financial service providers. We advise you if competitive credit conditions are available through your insurer. Otherwise, you have the option to get your own credit contract. A copy of the Treuhand-Dedr. is available on request or can be accessed with us during regular business hours. If you object to your money being held in a non-statutory account, you should let us know immediately. Otherwise, your consent to the payment of the premium and your acceptance of these conditions constitute your informed consent for us to hold your money in a non-statutory trust account.

Interest held on funds in a non-statutory account is withheld by us. For some transactions, the customer`s money can be transferred through other authorized intermediaries before being paid to the insurer. 25.1 While the company wishes to retain the activity and good value of the customers of the contracting parties, one of the contracting parties may terminate the contract by providing written notification of at least 30 (30) days before effective termination. The termination does not compromise the broker`s interest in commissions and intermediation because of the broker`s transactions placed by The Broker with The Company., If the broker is liquidated or merged with another company, or if the broker loses his trading license by its regulator, that agreement ends with immediate effect.