Insurer security. Whilst we make every endeavour to place your insurances with insurers that are financially sound, we do not guarantee or otherwise warrant the solvency of any insurer we place your insurances with. If you have any concerns regarding any insurer chosen to meet your insurance requirements you should inform us as soon as possible and we will discuss them with you. A liability for the premium, whether in full or pro rata, may arise under policies where a participating insurer becomes insolvent.
Insurer security. 8.1 We will only place cover with insurers who satisfy certain minimum criteria assessed by the rating agencies and/or our own assessment, or for whom you have given us specific approval to use. Whilst the information upon which we rely is obtained from sources considered to be reliable, and we use all reasonable endeavours to review that information in order to protect your interests, predictability of solvency cannot be, and is not, guaranteed by us. The financial standing of any insurer can, of course, change after the insurance contract had incepted. We do not guarantee the ongoing ability of any insurer to meet their contractual obligations.
Insurer security. The insurers we use are regulated and are required to have adequate capital resources. However, we cannot guarantee the solvency of any insurer we place business with. An insolvent insurer may be unable to pay claims or may be unable to pay them in full and you may have to pay a further premium to pay for alternative insurance cover.
Insurer security. Whilst we monitor the financial strength of the insurers with whom we place business it should be noted that the claims-paying ability of even the strongest insurers could be affected by adverse business conditions. We cannot, therefore, guarantee the solvency of any insurer or underwriter. A liability for the premium, whether in full or pro rata, may arise under policies where a participating insurer becomes insolvent.
Insurer security. We use both UK and international Insurers to obtain the best terms for our clients. You should note that a different legal and regulatory regime may apply for non UK Insurers so your ability to enforce your legal rights or seek compensation may vary. We will provide you with details of Insurers we use to insure your risk. We use our reasonable endeavours to protect your interests by reviewing and monitoring the suitability of all Insurers that we use. However, we do not guarantee the financial position and solvency of any market utilised and we cannot guarantee the future stability of any Insurer to meet its policyholder obligations. A liability for the premium, whether in full or pro rata, may arise for you under policies where a participating Insurer becomes insolvent. If an Insurer becomes insolvent we will inform you and seek instructions. The final decision on the suitability of an Insurer therefore rests with you and if you have any concerns about the security offered please contact us in writing immediately.
Insurer security. We will provide You with details of the Insurer We use to insure Your risk. Whilst We endeavour to place business with Insurers who demonstrate an adequate level of financial solvency and although their regulator requires them to maintain a minimum level of capital We cannot guarantee the solvency of any Insurer. We do not monitor Insurer solvency on an ongoing basis and shall not be liable for losses suffered by You in the event of insolvency of an Insurer. A liability for the premium, whether in full or pro rata, may arise for You under policies where a participating Insurer becomes insolvent. The final decision on the suitability of an Insurer therefore rests with You and if You have any concerns about the security offered please contact Us in Writing immediately.
Insurer security. Whilst we endeavour to only deal with insurers who demonstrate an adequate level of financial solvency, and although their regulator requires them to maintain a minimum level of capital, we cannot guarantee the solvency of any insurer. We do not monitor insurer solvency on an ongoing basis and shall not be liable for losses suffered by you in the event of insolvency of an insurer. We aim to provide you with a high level of customer service; if you feel that our service has not met your expectations, please use one of the following options to tell us: by phone: Telephone 000 0000 0000 by email: xxxxxxxxxx@xxxxxxxxxxxx.xx.xx in writing: Write to the Complaints Manager at the address shown above We will deal with your complaint fairly and promptly, following our complaint handling procedures; a summary of these procedures is available on request. If you are not satisfied with the outcome, you may be able to refer the matter to the Financial Ombudsman Service (FOS). For further information please visit the FOS website xxx.xxxxxxxxx-xxxxxxxxx.xxx.xx. Access to the FOS is available for complainants in one of the following categories at the time we receive their complaint: • Consumers (private individuals acting for purposes which are wholly or mainly outside that individual's trade, business, craft, or profession) • Micro-enterprises (businesses employing fewer than 10 persons and with a turnover or annual balance sheet total not exceeding €2 million • Other small businesses (with an annual turnover of below £6.5m, and less than 50 employees or with an annual balance sheet total of below £5 million • Charities with an annual income of under £6.5 million • Trustees of a trust with a net asset value of under £5 million We are also covered by the Financial Services Compensation Scheme (FSCS) for our insurance distribution activities. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. If you are eligible to claim from the FSCS, compensation is available in relation to insurance advising and arranging as follows: • 90% of the claim, without any upper limit; • 100% of the claim without any upper limit for - compulsory classes of insurance (such as Third-Party Motor or Employers Liability); and - ‘pure protection’ contracts, professional indemnity insurance, and general insurance claims arising from the death or incapacity of the policyholder owing to injury, si...
Insurer security. Whilst we take care to deal with companies that maintain reasonable solvency margins, we cannot guarantee their financial ability to pay claims. The financial standing of any insurer can change after inception of a policy.
Insurer security. 9.1 Paragon only uses insurers that have been rated A- or higher by A.M Best or have been rated A- or higher by Standard & Poor’s. Paragon never acts as an insurer.
9.2 Paragon does not guarantee the solvency of any insurer it places business with, or the ability of an insurer to meet policyholder obligations. As a result, final decisions on insurer suitability must rest with You.
Insurer security. We use a wide range of insurance markets in placing cover and can supply information on their current financial strength rating as published by ratings agencies. Where We use markets that are below the company’s preferred financial rating criteria, We will advise you if this is the case. We do not guarantee or otherwise warrant the continuing solvency of any insurer or its ability to pay claims. Therefore, the decision regarding the suitability of any insurer ultimately rests with you and We shall not be liable to you for any financial loss suffered by you in the event of the financial failure or the insolvency of an insurer. If you have any concerns regarding an insurer selected for your insurance requirements you must advise Us as soon as possible.