Common use of Agency arrangements Clause in Contracts

Agency arrangements. The Insurer undertakes to use its best endeavours to procure that any intermediary acting as its agent in any dealing with a Firm in relation to arranging or effecting a Policy discloses to the Firm, by means of a clear and prominent statement in writing, the fact that it is acting as agent for the Insurer, and whether it does so on an exclusive basis, whether or not it also acts as agent for the Firm.

Agency arrangements. The Insurer undertakes to use its best endeavours to procure that any intermediary acting as its agent in any dealing with a Firm Practice in relation to arranging or effecting a Policy discloses to the FirmPractice, by means of a clear and prominent statement in writing, the fact that it is acting as agent for the Insurer, and whether it does so on an exclusive basis, whether or not it also acts as agent for the FirmPractice.