Common use of Responsibility for Premiums Clause in Contracts

Responsibility for Premiums. 5.1 The Broker shall hold monies received from their client on behalf of TUL in a statutory or non-statutory trust in accordance with, as a minimum standard, the requirements of the FCA Rules.

Appears in 3 contracts

Samples: Terms of Business Agreement, Terms of Business Agreement, Terms of Business Agreement

AutoNDA by SimpleDocs

Responsibility for Premiums. 5.1 The Broker shall hold monies received from their client on behalf of TUL in a statutory or non-statutory trust account in accordance with, as a minimum standard, the requirements of the FCA Rules.

Appears in 3 contracts

Samples: Terms of Business Agreement, Terms of Business Agreement, Terms of Business Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.