Common use of Cancellation of Insurances Clause in Contracts

Cancellation of Insurances. Insurance Policy; You may have a legal right to cancel your policy for any reason, subject to the type of policy, your legal status and no claims having occurred, within 14 days of receiving the full terms & conditions. You will always be advised where this applies. A charge may apply for the period of cover provided and, in addition, we may make an administration charge detailed below in Costs, Fees and Commissions. Credit Agreement; You have the right to cancel a credit agreement, sold as a distance contract (ie not face to face) without penalty , subject to your legal status, within 14 days of receiving the full terms and conditions (credit agreement). You will always be advised where this applies. If you wish to cancel a policy and/or a credit agreement you must advise us in writing, prior to expiry of the 14- day cancellation period, to our usual office address. Ending Your Relationship with Us Subject to your immediate settlement of any outstanding premiums and fees (see Costs, Fees and commissions below), you may instruct us to stop acting for you and we will not impose a penalty. Your instructions must be given in writing and will take effect from the date of receipt. In circumstances where we feel we cannot continue providing services to you, we will give you a minimum of 7 days’ notice. Unless otherwise agreed in writing, if our relationship ends, any transactions previously initiated will be completed according to these Terms of Business. You will be liable to pay for any transactions concluded prior to the end of our relationship and we will be entitled to retain commission received for conducting these transactions. The Financial Services Compensation Scheme (FSCS) We are covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the FSCS if we cannot meet our obligations. This depends on the type of business, the circumstances of the claim and whether you are eligible to participate in the FSCS scheme. Full details and further information are available from the FSCS. The FSCS is the UK’s statutory fund of last resort for customers of authorised financial services firms like ours. The FSCS can pay compensation if an authorised firm is unable or likely to be unable to pay claims against it, usually because it has gone out of business or is insolvent. For eligible claimants, insurance advising and arranging is covered for 90% of the claim, without an upper limit. For compulsory insurances (for example, motor insurance and employers’ liability insurance) insurance advising and arranging is covered for 100% of the claim, without an upper limit. Further information about compensation scheme arrangements is available from the FSCS on 0800 678 1100 or 0207 741 4100 or xxx.xxxx.xxx.xx. .

Cancellation of Insurances. Insurance Policy; You may have a legal right to cancel your policy for any reason, subject to the type of policy, your legal status and no claims having occurred, within 14 days of receiving the full terms & conditions. You will always be advised where this applies. A charge may apply for the period of cover provided and, in addition, we may make an administration charge detailed below in Costs, Fees and Commissions. Credit Agreement; You have the right to cancel a credit agreement, sold as a distance contract (ie not face to face) without penalty , subject to your legal status, within 14 days of receiving the full terms and conditions (credit agreement). You will always be advised where this applies. If you wish to cancel a policy and/or a credit agreement you must advise us in writing, prior to expiry of the 14- 14-day cancellation period, to our usual office address. Ending Your Relationship with Us Subject to your immediate settlement of any outstanding premiums and fees (see Costs, Fees and commissions below), you may instruct us to stop acting for you and we will not impose a penalty. Your instructions must be given in writing and will take effect from the date of receipt. In circumstances where we feel we cannot continue providing services to you, we will give you a minimum of 7 days’ notice. Unless otherwise agreed in writing, if our relationship ends, any transactions previously initiated will be completed according to these Terms of Business. You will be liable to pay for any transactions concluded prior to the end of our relationship and we will be entitled to retain commission received for conducting these transactions. The Financial Services Compensation Scheme (FSCS) We are covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the FSCS if we cannot meet our obligations. This depends on the type of business, the circumstances of the claim and whether you are eligible to participate in the FSCS scheme. Full details and further information are available from the FSCS. The FSCS is the UK’s statutory fund of last resort for customers of authorised financial services firms like ours. The FSCS can pay compensation if an authorised firm is unable or likely to be unable to pay claims against it, usually because it has gone out of business or is insolvent. For eligible claimants, insurance advising and arranging is covered for 90% of the claim, without an upper limit. For compulsory insurances (for example, motor insurance and employers’ liability insurance) insurance advising and arranging is covered for 100% of the claim, without an upper limit. Further information about compensation scheme arrangements is available from the FSCS on 0800 678 1100 or 0207 741 4100 or xxx.xxxx.xxx.xx. .

Cancellation of Insurances. Insurance Policy; Your Right to Cancel (Applicable to Consumers only) You may have a legal right to cancel your policy for any reason, subject to the type of policy, your legal status and no claims having occurred, within 14 days of receiving the full terms & conditions. You will always be advised where this Right applies. A charge may will apply for the period of cover provided and, in addition, we may make an administration charge detailed below in Costs, Fees and Commissions. Credit Agreement; You have the right to cancel a credit agreement, sold as a distance contract (ie not face to face) without penalty , subject to your legal status, within 14 days of receiving the full terms and conditions (credit agreement). You will always be advised where this appliescharge. If you wish to cancel a policy and/or a credit agreement you must advise us in writing, prior to expiry of the 14- 14-day cancellation period, to our usual office address. Ending Your Relationship with Us Subject to your immediate settlement You should make any request for the cancellation of any outstanding premiums and fees (see Costs, Fees and commissions below), you may instruct us to stop acting for you and we will not impose a penalty. Your instructions must be given policy in writing and will take effect from any relevant certificate of insurance should be returned to us or to the date of receiptinsurer concerned. In the event of cancellation, there will be no refund of commission charged. The terms of your policy may allow insurers to retain the premium in full or to charge short-period premiums in the event of cancellation before the policy expires. Your Responsibilities You are responsible for providing the complete and accurate information which insurers require in connection with any proposal for insurance cover. This is particularly important before taking out a policy and at renewal, but it also applies throughout the life of a policy. If you fail to disclose information, or misrepresent any fact which may influence the insurer’s decision to accept the risk or the terms offered, this could invalidate the policy and mean that claims may not be paid. You must check all details on any proposal form or Statement of Facts and pay particular attention to any declaration you may be asked to sign. It is important that you read all insurance documents issued to you and ensure that you are aware of the cover, limits and other terms that apply. Particular attention must be paid to any warranties and conditions as failure to comply with them could invalidate your policy. You must inform us immediately of any changes in circumstances which may affect the services provided by us or the cover provided by your policy. If you are unsure about any matter, please contact us for guidance. Conflict of Interests Occasions can arise where we feel or one of our associated companies, clients or product providers will have a potential conflict of interest with business being transacted for you. If this happens and we cannot continue providing services to youbecome aware that a potential conflict exists, we will give write to you and obtain your consent before we carry out your instructions, and detail the steps we will take to ensure fair treatment. Claims Handling Arrangements You should take note of the required procedures in the event of a minimum of 7 days’ notice. Unless otherwise agreed in writingclaim, if our relationship ends, any transactions previously initiated which will be completed according explained in the policy documentation. Generally, insurers require immediate notification of a claim or circumstances which might lead to these Terms of Businessa claim. You We will be liable to pay for any transactions concluded prior to the end of our relationship employ due care and we will be entitled to retain commission received for conducting these transactions. The Financial Services Compensation Scheme (FSCS) We are covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the FSCS skill if we cannot meet our obligations. This depends act on the type your behalf in respect of business, the circumstances of the claim and whether you are eligible to participate in the FSCS scheme. Full details and further information are available from the FSCS. The FSCS is the UK’s statutory fund of last resort for customers of authorised financial services firms like ours. The FSCS can pay compensation if an authorised firm is unable or likely to be unable to pay claims against it, usually because it has gone out of business or is insolvent. For eligible claimants, insurance advising and arranging is covered for 90% of the a claim, without an upper limit. For compulsory insurances (for example, motor insurance and employers’ liability insurance) insurance advising and arranging is covered for 100% of the claim, without an upper limit. Further information about compensation scheme arrangements is available from the FSCS on 0800 678 1100 or 0207 741 4100 or xxx.xxxx.xxx.xx. .

Cancellation of Insurances. Insurance Policy; Material information must be presented in a way which would be reasonably clear and accessible to a prudent insurer, as this may influence the insurers’ decision in determining the premium, the acceptance of the risk itself, and the terms upon which an insurance policy may be offered. If you are unsure whether to disclose any information in particular, you should contact us. You should take into account the size & complexity of your business, and allow yourself sufficient time before each renewal date to assess your insurance requirements. Failure to provide a ‘fair representation of risk’ may have result in a legal right number of remedies by the insurer. If the breach was deliberate or reckless, the insurer can immediately void the contract and retain all premium. In all other circumstances of breach, the insurer may choose to cancel your either void the contract, alter the policy for terms and conditions, or otherwise result in the refusal or reduced settlement of a claim based on its merits following any reason, subject subsequent policy amendments. You should always provide us with complete and accurate information relating to the type of insurance risks your business faces before taking out any new policy, your legal status and no claims having occurred, within 14 days thereafter at each renewal and throughout the life of receiving the full terms & conditionspolicy. You will always be advised where this applies. A charge may apply for the period of cover provided and, in addition, we may make an administration charge detailed below in Costs, Fees and Commissions. Credit Agreement; You have the right to cancel a credit agreement, sold as a distance contract (ie not face to face) without penalty , subject This also applies to your legal statusresponses in relation to any assumptions you may agree to in the process of applying for insurance cover. If any existing information becomes inaccurate, within 14 days you should contact us to correct this. It is your duty to notify us of receiving all incidents of liability, loss and/or damage in accordance with the full terms and conditions (credit agreement)of your insurance contract, and that you adhere to the claims notification provisions outlined in the policy schedule or insurer wording. Insurers generally require immediate notification of a reportable claim and/ or circumstances which are known and may lead to a potential claim. You must always notify us at the first possible opportunity along with a full disclosure of material facts relating to the claim. We will always advise you if you are unsure whether any particular matter ought to be advised where this appliesdisclosed to insurers. If You should not admit liability, negotiate or agree to any course of action without first liaising with us, your insurer, or someone appointed to act on their or our behalf. We are committed to acting on your behalf throughout the claim process, and endeavour to seek a satisfactory outcome for you with our utmost care and skill. Our claims handling services include; notification of the claim or circumstances to insurers, representing your interests in the negotiation and resolution of the claim with the insurer or their appointed agents, and the provision of our advice and support to you as requested. Should you wish to cancel a policy and/or a credit agreement you that has been arranged through us, your request must advise us be made in writing, prior . You should always refer to expiry the particulars of the 14- day policy schedule or insurer wording as your insurance contract may include a cancellation periodclause. This clause may stipulate that, in the event of cancellation before the policy is due to expire, the terms of your policy may allow insurers to retain any premium paid either in part, or in full, or entitle them to charge short-period premiums. For consumers, this does not affect any statutory cooling off rights you may have. Depending on the insurer and terms of the policy arranged, you may be entitled to cancel within fourteen (14) or thirty (30) days of receipt of your policy documentation and qualify for a full refund of premium providing no claim has been submitted. Use of Personal Data In your dealings with us you may provide us with information that may include what is known as ‘personal data’. Where we process personal data we comply with statutory data processing requirements as set out by the GDPR and Data Protection Act 2018. As a registered Data Controller, we treat all personal data as confidential and undertake appropriate technical measures to protect any records that we are required to keep in line with our regulatory obligations. The personal data we will collect may include information relating yet not limited to; your name, address, date of birth, contact details, and other identification details. Some of the details you may be asked to share with us, such as information concerning criminal offences or medical conditions, are defined by the Act as ‘sensitive personal data’. We process such data to enable us to provide our services to you and on the basis of it being in the public interest. By giving us such information, you signify your consent to it being processed by us. The categories of personal data we collect depends upon the activities under which personal data is necessary for its intended purpose. This may include your individual details, identification details, financial information, risk details, policy information, anti-fraud data, claims data, and special categories of personal data. We will process your personal data in order to allow us to provide you with our services as your insurance broker in quoting for, arranging and administering your insurances, and where applicable in arranging insurance premium finance options. Your personal data will also be used to manage future communications between ourselves. Where you have agreed, or in circumstances where to do so will be in our mutual interests, your personal data will be used to provide you with further information about our wider products and services, news bulletins pertinent to your insurances, or in relation to our social events. You can opt out from receiving such communications by e-mailing us at xxxxxxxxx@xxxxxxxxxxxxxxxxxx.xxx We will only use your data for the purpose under which it was collected. We will only grant access or share your data; within our firm, with other authorised third parties, and with product and service providers such as insurers or premium finance providers, where we are entitled to do so by law under lawful data processing. We may also disclose details to other relevant parties, which includes the Financial Conduct Authority (FCA) or crime and governmental agencies, in compliance with any statutory, regulatory or legal requirements. The Data Protection Act 2018 provides you with Access Rights that allow you to gain an understanding on the data being processed, who we share it with, for what purpose, why we need to retain it and our retention periods, to object to the processing and to place restrictions on the processing, to request copies of your data, and to request the deletion of your data, where applicable and subject to certain exceptions. If you require further information on how we process your data, or should you wish to exercise your rights, please contact us; in writing: Xxxxxxx Independent Ltd. Asset House, 0-0 Xxxx Xxxxxx, Xxxxxxxxx, Hampshire SO41 3AS by phone: +00 (0)0000 000000 by email: xxxxxxxxx@xxxxxxxxxxxxxxxxxx.xxx How we process your personal data is detailed further within our usual office addressseparate Information & Privacy Notice, available upon request. Ending Your your Relationship and this Agreement with Us us Credit Checks Conflict of Interests Subject to your immediate settlement of any outstanding premiums and fees (see Costs, Fees and commissions below)fees, you may instruct us to stop acting for you and we will not impose a penalty. Your instructions must be given in writing and will take effect from the date of receipt. In circumstances where we feel we cannot continue providing our services to you, we will give inform you in writing with a minimum of 7 days’ notice. Valid reasons may include but are not limited to; non-payment of premium or fees, failure to provide any requested information or documentation, deliberate failure to comply with terms as set out within our agreement or insurer’s documentation, deliberate misrepresentation or non-disclosure or attempted fraud, use of threatening language or abusive behaviour or intimidation towards our staff or associates. In circumstances where we reasonably believe the continued provision of our services could breach any laws or regulations, we are under no obligation to continue acting for you and we are entitled to immediately cease our existing relationship with you. We will not be held responsible or liable to you for any direct or indirect loss which you may subsequently incur as a result. Unless otherwise agreed in writing, if our relationship ends, ends any transactions previously initiated will be completed according to these Terms of Business. You will be liable to pay for any transactions concluded prior to the end of our relationship and we will be entitled to retain commission earnings received for conducting these transactions, together with all fees charged by us for services provided on your behalf. Other firms involved in the arrangement of your insurance (e.g. insurers, broker intermediaries or premium finance providers) may use both public and personal data from a variety of sources including any credit reference agencies. The Financial Services Compensation Scheme (FSCS) We information is used to help determine a price, to ascertain the most appropriate payment options for you, and to help prevent fraud. Any credit reference search will appear on your credit report whether or not your application proceeds. If you have any questions about this or any other matter, please do not hesitate to contact us. Occasions can arise where we, or one of our clients or product providers, may have a potential conflict of interest with business being transacted for you or related to a matter in which we are covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the FSCS if we cannot meet our obligations. This depends on the type of business, the circumstances of the claim and whether you are eligible to participate in the FSCS scheme. Full details and further information are available from the FSCS. The FSCS is the UK’s statutory fund of last resort for customers of authorised financial services firms like ours. The FSCS can pay compensation if an authorised firm is unable or likely to be unable to pay claims against it, usually because it has gone out of business or is insolventacting. For eligible claimantscircumstances in which we become aware that a potential or unavoidable conflict exists, insurance advising we will write to you and arranging is covered for 90% of obtain your consent before we carry out your instructions and we will detail the claim, without an upper limitsteps that we will take to ensure continued fair treatment. For compulsory insurances (for example, motor insurance and employers’ liability insurance) insurance advising and arranging is covered for 100% of the claim, without an upper limit. Further information about compensation scheme arrangements is available from the FSCS on 0800 678 1100 or 0207 741 4100 or xxx.xxxx.xxx.xx. .Financial Crime Severability Notices