Common use of Extent of Agency Clause in Contracts

Extent of Agency. 14.1 In advising clients on the selection of an insurer, in completing proposal forms on behalf of clients or advising them on completion, in acquiring information from a client at the commencement or renewal of an insurance and in instructing the Cover Holder to commence cover the Agent is acting on behalf of the client and not in the capacity of Agent of the Cover Holder. Notification to the Agent shall not be deemed to be notification to the Cover Holder. 14.2 The Agent shall at all times comply with the requirements limitations and underwriting restrictions of the underwriting parameters published to the Agent by the Cover Holder from time to time and any failure to do so will be construed as an act outside the scope of the Agent’s authority under this Agreement. 14.3 The Cover Holder shall at times act as the agent of the Underwriters. The Cover Holder does not offer advice on selection between insurance products and responsibility to ensure the suitability of the quoted product for the client is the responsibility of the Agent.