Common use of Authorisation and Licensing Clause in Contracts

Authorisation and Licensing. The Intermediary Client is responsible for ensuring that it has any regulatory or other authorisation necessary in order to undertake its role for the assured. The Intermediary Client is also responsible for complying with any obligations it has to competent regulators, professional bodies and the assured, including but not limited to providing any necessary disclosure to the assured. WTW will rely upon the Intermediary Client to understand and comply with those obligations. A failure to comply may, amongst other things, affect WTW’s ability to deal with the Intermediary Client in relation to the assured’s insurance arrangements.