Common use of Block Transfers Clause in Contracts

Block Transfers. In respect of some classes of insurance we may operate block insurance arrangements in order to provide competitive terms. This is where we place all insurances of a certain type with one insurer who can provide particularly competitive terms for all our customers. On occasions it will be necessary for us to transfer such blocks from one insurer to another where this is beneficial for our clients. This Terms of Business Agreement constitutes both your acceptance that we may do this and your prior request for us to do so How to Claim Please refer to your policy documents if you need to report a claim. You should contact us or the insurer direct as soon as you become aware of any incident which could give rise to a claim. If in doubt about whom you should contact, or if you require our assistance in relation to a claim or potential claim please contact us. Sums Insured and Indemnity Limits You will be responsible for ensuring that all sums insured and indemnity limits (where applicable) are adequate for the cover requested. Whilst we seek to assist in establishing and maintaining insured values and indemnity limits we cannot accept responsibility for their accuracy. It is strongly recommended that the appropriate Professional (e.g. Surveyor/Accountant) be consulted to ensure that the sums insured and limits under the policy are suitable. Average / Under-insurance In the event of under-insurance insurers may reduce the amount of any claim settlement in proportion to the under-insurance. For example, if you only insure for 50% of the correct value, only 50% of you claim will be paid. Fees and Charges When we sell you a policy the insurer normally pays us a percentage commission from the total premium. In addition to this commission, we may charge an administration fee to cover the costs involved in setting up, servicing and cancelling policies. Please refer to our tariff of administration charges below for fees payable under this Terms of Business Agreement. You will be informed of any such charges before you purchase a policy with us. Our fees are non-refundable even if you cancel your policy. If you pay your premium by instalments we shall inform you of any additional fees, charges or interest that apply as part of your credit arrangements. Administration Type Amount Mid-term adjustments £25.00 Cancellation £25.00 Renewals £250.00 New Business Set Up £250.00

Block Transfers. In respect of some classes of insurance we may operate block insurance arrangements in order to provide competitive terms. This is where we place all insurances of a certain type with one insurer who can provide particularly competitive terms for all our customers. On occasions it will be necessary for us to transfer such blocks from one insurer to another where this is beneficial for our clients. This Terms of Business Agreement constitutes both your acceptance that we may do this and your prior request for us to do so How to Claim Please refer to your policy documents if you need to report a claim. You should contact us or the insurer direct as soon as you become aware of any incident which could give rise to a claim. If in doubt about whom you should contact, or if you require our assistance in relation to a claim or potential claim please contact us. Sums Insured and Indemnity Limits You will be responsible for ensuring that all sums insured and indemnity limits (where applicable) are adequate for the cover requested. Whilst we seek to assist in establishing and maintaining insured values and indemnity limits we cannot accept responsibility for their accuracy. It is strongly recommended that the appropriate Professional (e.g. Surveyor/Accountant) be consulted to ensure that the sums insured and limits under the policy are suitable. Average / Under-insurance In the event of under-insurance insurers may reduce the amount of any claim settlement in proportion to the under-insurance. For example, if you only insure for 50% of the correct value, only 50% of you claim will be paid. Fees and Charges When we sell you a policy the insurer normally pays us a percentage commission from the total premium. In addition to this commission, we may charge an administration fee to cover the costs involved in setting up, servicing and cancelling policies. Please refer to our tariff of administration charges below for fees payable under this Terms of Business Agreement. You will be informed of any such charges before you purchase a policy with us. Our fees are non-refundable even if you cancel your policy. If you pay your premium by instalments we shall inform you of any additional fees, charges or interest that apply as part of your credit arrangements. Tariff of Administration Charges Motor / Household/ Private Client Policies Administration Type Amount Mid-term adjustments £25.00 Cancellation £25.00 Renewals £250.00 20.00 New Business Set Up £250.0020.00 Administration Type Premium Range Amount Mid-term adjustments N/a £25.00 Cancellation N/a £25.00 Renewals £0-£400.99 £25.00 £401-£1000.99 £35.00 £1001-£2500.99 £50.00 £2501-£5000.99 £75.00 £5001-10000.99 £100.00 £10001+ £200.00 New Business Set Up £0-£400.99 £25.00 £401-£1000.99 £35.00 £1001-£2500.99 £50.00 £2501-£5000.99 £75.00 £5001-10000.99 £100.00 £10001+ £200.00 Motor Trade / Motor Fleet / Commercial Policies Unpaid cheques £15.00 Occasionally we may arrange a policy on which we earn no commission, a net premium policy, and in these cases we will advise you of the arrangement or administration fee before you take the policy out. Specific charges, which apply to individual policies, will be shown and pointed out to you by letter or in reports. Our Earnings When we sell you a policy the insurer normally pays us a percentage commission from the total premium. In some circumstances, if the type of policy we sell reaches specific profit targets the insurer also pays us an additional bonus. In addition to this, we may charge an administration fee to cover the costs involved in setting up, servicing and cancelling policies. These fees are shown within our Tariff of Administration Charges. You are entitled, at any time, to request information regarding any commission which we may have received as a result of placing your insurance business or arranging premium finance.

Block Transfers. In respect of some classes of insurance we may operate block insurance arrangements in order to provide competitive terms. This is where we place all insurances of a certain type with one insurer who can provide particularly competitive terms for all our customers. On occasions it will be necessary for us to transfer such blocks from one insurer to another where this is beneficial for our clients. This Terms of Business Agreement constitutes both your acceptance that we may do this and your prior request for us to do so How to Claim Please refer to your policy documents if you need to report a claim. You should contact us or the insurer direct as soon as you become aware of any incident which could give rise to a claim. If in doubt about whom you should contact, or if you require our assistance in relation to a claim or potential claim please contact us. Sums Insured and Indemnity Limits You will be responsible for ensuring that all sums insured and indemnity limits (where applicable) are adequate for the cover requested. Whilst we seek to assist in establishing and maintaining insured values and indemnity limits we cannot accept responsibility for their accuracy. It is strongly recommended that the appropriate Professional (e.g. Surveyor/Accountant) be consulted to ensure that the sums insured and limits under the policy are suitable. Average / Under-insurance In the event of under-insurance insurers may reduce the amount of any claim settlement in proportion to the under-insurance. For example, if you only insure for 50% of the correct value, only 50% of you claim will be paid. Fees and Charges When we sell you a policy the insurer normally pays us a percentage commission from the total premium. In addition to this commission, we may charge an administration fee to cover the costs involved in setting up, servicing and cancelling policies. Please refer to our tariff of administration charges below for fees payable under this Terms of Business Agreement. You will be informed of any such charges before you purchase a policy with us. Our fees are non-refundable even if you cancel your policy. If you pay your premium by instalments we shall inform you of any additional fees, charges or interest that apply as part of your credit arrangements. Tariff of Administration Charges Motor / Household/ Private Client Policies Administration Type Amount Mid-term adjustments £25.00 Cancellation £25.00 Renewals £250.00 20.00 New Business Set Up £250.0020.00 Administration Type Premium Range Amount Mid-term adjustments N/a £25.00 Cancellation N/a £25.00 Renewals £0-£400.99 £401-£1000.99 £1001-£2500.99 £2501-£5000.99 £5001-10000.99 £10001+ £25.00 £35.00 £50.00 £75.00 £100.00 £200.00 New Business Set Up £0-£400.99 £401-£1000.99 £1001-£2500.99 £2501-£5000.99 £5001-10000.99 £10001+ £25.00 £35.00 £50.00 £75.00 £100.00 £200.00 Motor Trade / Motor Fleet / Commercial Policies Please note that refunds resulting from mid term adjustments or cancellations are refunded NET of commission plus the £25.00 administration fee. Other fees Replacement / duplicate policy documents, certificates or cover notes £20.00 Unpaid cheques £15.00 Occasionally we may arrange a policy on which we earn no commission, a net premium policy, and in these cases we will advise you of the arrangement or administration fee before you take the policy out. Specific charges, which apply to individual policies, will be shown and pointed out to you by letter or in reports. Our Earnings When we sell you a policy the insurer normally pays us a percentage commission from the total premium. In some circumstances, if the type of policy we sell reaches specific profit targets the insurer also pays us an additional bonus. In addition to this, we may charge an administration fee to cover the costs involved in setting up, servicing and cancelling policies. These fees are shown within our Tariff of Administration Charges. You are entitled, at any time, to request information regarding any commission which we may have received as a result of placing your insurance business or arranging premium finance.

Block Transfers. In respect of some classes of insurance we may operate block insurance arrangements in order to provide competitive terms. This is where we place all insurances of a certain type with one insurer who can provide particularly competitive terms for all our customers. On occasions it will be necessary for us to transfer such blocks from one insurer to another where this is beneficial for our clients. This Terms of Business Agreement constitutes both your acceptance that we may do this and your prior request for us to do so How to Claim Please refer to your policy documents if you need to report a claim. You should contact us or the insurer direct as soon as you become aware of any incident which could give rise to a claim. If in doubt about whom you should contact, or if you require our assistance in relation to a claim or potential claim please contact us. Sums Insured and Indemnity Limits You will be responsible for ensuring that all sums insured and indemnity limits (where applicable) are adequate for the cover requested. Whilst we seek to assist in establishing and maintaining insured values and indemnity limits we cannot accept responsibility for their accuracy. It is strongly recommended that the appropriate Professional (e.g. Surveyor/Accountant) be consulted to ensure that the sums insured and limits under the policy are suitable. Average / Under-insurance In the event of under-insurance insurers may reduce the amount of any claim settlement in proportion to the under-insurance. For example, if you only insure for 50% of the correct value, only 50% of you claim will be paid. Fees and Charges When we sell you a policy the insurer normally pays us a percentage commission from the total premium. In addition to this commission, we may charge an administration fee to cover the costs involved in setting up, servicing and cancelling policies. Please refer to our tariff of administration charges below for fees payable under this Terms of Business Agreement. You will be informed of any such charges before you purchase a policy with us. Our fees are non-refundable even if you cancel your policy. If you pay your premium by instalments we shall inform you of any additional fees, charges or interest that apply as part of your credit arrangements. Tariff of Administration Charges Motor / Household/ Private Client Policies Administration Type Amount Mid-term adjustments £25.00 Cancellation £25.00 Renewals £250.00 25.00 New Business Set Up £250.0025.00 Administration Type Premium Range Amount Mid-term adjustments N/a £25.00 Cancellation N/a £25.00 Renewals £0-£400.99 £401-£1000.99 £1001-£2500.99 £2501-£5000.99 £5001-10000.99 £10001+ £25.00 £35.00 £50.00 £75.00 £100.00 £200.00 New Business Set Up £0-£400.99 £401-£1000.99 £1001-£2500.99 £2501-£5000.99 £5001-10000.99 £10001+ £25.00 £35.00 £50.00 £75.00 £100.00 £200.00 Motor Trade / Motor Fleet / Commercial Policies Please note that refunds resulting from mid term adjustments or cancellations are refunded NET of commission plus the £25.00 administration fee. Other fees Replacement / duplicate policy documents, certificates or cover notes £20.00 Unpaid cheques £15.00 Occasionally we may arrange a policy on which we earn no commission, a net premium policy, and in these cases we will advise you of the arrangement or administration fee before you take the policy out. Specific charges, which apply to individual policies, will be shown and pointed out to you by letter or in reports. Our Earnings When we sell you a policy the insurer normally pays us a percentage commission from the total premium. In some circumstances, if the type of policy we sell reaches specific profit targets the insurer also pays us an additional bonus. In addition to this, we may charge an administration fee to cover the costs involved in setting up, servicing and cancelling policies. These fees are shown within our Tariff of Administration Charges. You are entitled, at any time, to request information regarding any commission which we may have received as a result of placing your insurance business or arranging premium finance.