Common use of Regulatory Status Clause in Contracts

Regulatory Status. 3.1 The Broker warrants that it is authorised by the UK Regulator (or other EEA regulatory body) to conduct insurance mediation activities (as defined in the UK Regulator’s Handbook) from the date of this Agreement. The Underwriting Agent warrants that it is authorised to conduct Insurance Business from the date of this Agreement. 3.2 The Broker shall inform the Underwriting Agent immediately in writing in accordance with clause 23 if at any time during the period of this Agreement:- 3.2.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Broker’s authorisation; or 3.2.2 The Broker otherwise ceases in any way to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.2.3 The Broker becomes insolvent. 3.3 The Underwriting Agent shall inform the Broker immediately if:- 3.3.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Underwriting Agent’s authorisation; or 3.3.2 The Underwriting Agent otherwise ceases to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.3.3 The Underwriting Agent becomes insolvent.

Regulatory Status. 3.1 The Broker warrants that it is authorised by the UK Regulator (or other EEA regulatory body) to conduct insurance mediation activities (as defined in the UK Regulator’s Handbook) from the date of this Agreement. The Underwriting Managing Agent warrants that it is authorised to conduct Insurance Business from the date of this Agreement. 3.2 The Broker shall inform the Underwriting Managing Agent immediately in writing in accordance with clause 23 if at any time during the period of this Agreement:- 3.2.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Broker’s authorisation; or 3.2.2 The Broker otherwise ceases in any way to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.2.3 The Broker becomes insolvent. 3.3 The Underwriting Managing Agent shall inform the Broker immediately if:- 3.3.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Underwriting Managing Agent’s authorisation; or 3.3.2 The Underwriting Managing Agent otherwise ceases to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.3.3 The Underwriting Managing Agent becomes insolvent.

Regulatory Status. 3.1 The Broker warrants that it is authorised by the UK Regulator (or other EEA regulatory body) to conduct insurance mediation activities (as defined in the UK Regulator’s Handbook) from the date of this Agreement. The Underwriting Agent warrants that it is authorised to conduct Insurance Business from the date of this Agreement. 3.2 The Broker shall inform the Underwriting Agent immediately in writing in accordance with clause 23 if at any time during the period of this Agreement:- 3.2.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the BrokerXxxxxx’s authorisation; or 3.2.2 The Broker otherwise ceases in any way to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.2.3 The Broker becomes insolvent. 3.3 The Underwriting Agent shall inform the Broker immediately if:- 3.3.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Underwriting Agent’s authorisation; or 3.3.2 The Underwriting Agent otherwise ceases to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.3.3 The Underwriting Agent becomes insolvent.

Regulatory Status. 3.1 The Broker warrants that it is authorised by the UK Regulator (or other EEA regulatory body) to conduct insurance mediation activities (as defined in the UK Regulator’s Handbook) from the date of this Agreement. The Underwriting Agent Insurer warrants that it is authorised to conduct Insurance Business from the date of this Agreement. 3.2 The Broker shall inform the Underwriting Agent Insurer immediately in writing in accordance with clause 23 if at any time during the period of this Agreement:-Agreement: - 3.2.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Broker’s authorisation; or 3.2.2 The Broker otherwise ceases in any way to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.2.3 The Broker becomes insolvent. 3.3 The Underwriting Agent Insurer shall inform the Broker immediately if:-if: - 3.3.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Underwriting AgentInsurer’s authorisation; or 3.3.2 The Underwriting Agent Insurer otherwise ceases to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.3.3 The Underwriting Agent Insurer becomes insolvent.

Regulatory Status. 3.1 The Broker warrants that it is authorised by the UK Regulator (or other EEA regulatory body) to conduct insurance mediation activities (as defined in the UK Regulator’s Handbook) from the date of this Agreement. The Underwriting Managing Agent warrants that it is authorised to conduct Insurance Business from the date of this Agreement. 3.2 The Broker shall inform the Underwriting Managing Agent immediately in writing in accordance with clause 23 if at any time during the period of this Agreement:- 3.2.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Broker’s authorisation; or 3.2.2 The Broker otherwise ceases in any way to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.2.3 The Broker becomes insolvent. 3.3 The Underwriting Managing Agent shall inform the Broker immediately if:-if: - 3.3.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Underwriting Managing Agent’s authorisation; or 3.3.2 The Underwriting Managing Agent otherwise ceases to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.3.3 The Underwriting Managing Agent becomes insolvent.

Regulatory Status. 3.1 The Broker warrants that it is authorised by the UK Regulator (or other EEA regulatory body) to conduct insurance mediation activities (as defined in the UK Regulator’s Handbook) from the date of this Agreement. The Underwriting Managing Agent warrants that it is authorised to conduct Insurance Business from the date of this Agreement. 3.2 The Broker shall inform the Underwriting Managing Agent immediately in writing in accordance with clause 23 if at any time during the period of this Agreement:- 3.2.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Broker’s authorisation; or 3.2.2 The Broker otherwise ceases in any anywayany way to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.2.3 The Broker becomes insolvent. 3.3 The Underwriting Managing Agent shall inform the Broker immediately if:- 3.3.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Underwriting Managing Agent’s authorisation; or 3.3.2 The Underwriting Managing Agent otherwise ceases to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.3.3 The Underwriting Managing Agent becomes insolvent.

Regulatory Status. 3.1 The Broker warrants that it is authorised by the UK Regulator (or other EEA regulatory body) to conduct insurance mediation activities (as defined in the UK Regulator’s Handbook) from the date of this Agreement. The Underwriting Agent Insurer warrants that it is authorised to conduct Insurance Business from the date of this Agreement. 3.2 The Broker shall inform the Underwriting Agent Insurer immediately in writing in accordance with clause 23 if at any time during the period of this Agreement:- 3.2.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Broker’s authorisation; or 3.2.2 The Broker otherwise ceases in any way to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.2.3 The Broker becomes insolvent. 3.3 The Underwriting Agent Insurer shall inform the Broker immediately if:- 3.3.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Underwriting AgentInsurer’s authorisation; or 3.3.2 The Underwriting Agent Insurer otherwise ceases to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.3.3 The Underwriting Agent Insurer becomes insolvent.

Regulatory Status. 3.1 The Broker warrants that it is authorised by the UK Regulator (or other EEA regulatory body) to conduct insurance mediation activities (as defined in the UK Regulator’s Handbook) from the date of this Agreement. The Underwriting Agent warrants that it is authorised to conduct Insurance Business from the date of this Agreement. 3.2 The Broker shall inform the Underwriting Agent immediately in writing in accordance with clause 23 if at any time during the period of this Agreement:- 3.2.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Broker’s authorisation; or 3.2.2 The Broker otherwise ceases in any way to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.2.3 The Broker becomes insolvent. 3.3 The Underwriting Agent shall inform the Broker immediately if:- 3.3.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Underwriting Agent’s authorisation; or 3.3.2 The Underwriting Agent otherwise ceases to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.3.3 The Underwriting Agent becomes insolvent.

Regulatory Status. 3.1 The Broker warrants that it is authorised by the UK Regulator (or other EEA regulatory body) to conduct insurance mediation activities (as defined in the UK Regulator’s Handbook) from the date of this Agreement. The Underwriting Agent Coverholder warrants that it is authorised by the UK Regulator to conduct Insurance Business deal in investments (non-investment insurance contracts) as agent from the date of this Agreement. 3.2 The Broker shall inform the Underwriting Agent Coverholder immediately in writing in accordance with clause 23 if at any time during the period of this Agreement:- 3.2.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Broker’s authorisation; or 3.2.2 The Broker otherwise ceases in any way anyway to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.2.3 The Broker becomes insolvent. 3.3 The Underwriting Agent Coverholder shall inform the Broker immediately if:- 3.3.1 The UK Regulator (or other EEA regulatory body) suspends or withdraws the Underwriting AgentCoverholder’s authorisation; or 3.3.2 The Underwriting Agent Coverholder otherwise ceases to be authorised by the UK Regulator (or other EEA regulatory body) to undertake any activities in relation to any Insurance Business subject to this Agreement; or 3.3.3 The Underwriting Agent Coverholder becomes insolvent.