Common use of Client and Insurer Money Clause in Contracts

Client and Insurer Money. 15.1. The FCA requires us to hold all client monies, including yours, in a trust account, the purpose of which is to protect you in the event of our financial failure since, in such circumstances; our general creditors would not be able to make claims on client money as it will not form part of our assets.

Appears in 2 contracts

Samples: Terms of Business Agreement, assets.bluefingroup.co.uk

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Client and Insurer Money. 15.116.1. The FCA requires us to hold all client monies, including yours, in a trust account, the purpose of which is to protect you in the event of our financial failure since, in such circumstances; our general creditors would not be able to make claims on client money as it will not form part of our assets.

Appears in 1 contract

Samples: www.oakesinsurance.co.uk

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Client and Insurer Money. 15.19.1. The FCA requires us to hold all client monies, including yours, in a trust account, the purpose of which is to protect you in the event of our financial failure since, in such circumstances; our general creditors would not be able to make claims on client money as it will not form part of our assets.

Appears in 1 contract

Samples: www.robison.co.uk

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