Common use of Right to be informed Clause in Contracts

Right to be informed. In dealing with Lloyd’s Underwriters, you will be represented by an intermediary, such as a broker acting as your agent, and they may deal with other intermediaries. From the intermediary with whom you deal, you can expect to access clear information about your policy, your coverage, and the claims settlement process. You have the right to an easy-to- understand explanation of how insurance works and how it will meet your needs. You also have a right to know how premiums are calculated based on relevant facts. A policy issued by Lloyd’s Underwriters will expire on the day specified in the policy. If you wish to renew the policy, the intermediary with whom you deal will have to approach the Underwriters participating in it, often through another intermediary. If Lloyd’s Underwriters are given the information they require to determine renewal terms for the policy at least 45 days prior to its expiry, under normal circumstances, they will advise the intermediary who approaches them of any changes to the policy terms at least 30 days prior to the expiration of the policy. Terms may subsequently change if there is a change in material facts prior to the expiration date. Intermediaries may receive payments from Lloyd’s Underwriters in a variety of ways, which may include the payment of commissions. Lloyd's strongly supports the disclosure and transparency of these commission arrangements. You have the right to ask the intermediary with whom you deal for details of how and by whom the intermediary is being paid. Lloyd's Underwriters accept business as members of syndicates each of which is managed by a 'managing agent'. Lloyd's has risk management procedures in place in respect of the relationship between Lloyd's managing agents and any related companies that act as intermediaries. This is to ensure that the managing agent makes proper disclosures of any such arrangements. A policyholder may ask the intermediary whom he is dealing to disclose if it is a related company to a Lloyd's managing agent.

Right to be informed. In dealing with Lloyd’s Underwriters, you will be represented by an intermediary, such as a broker acting as your agent, and they may deal with other intermediaries. From the intermediary with whom you deal, you can expect to access clear information about your policy, your coverage, and the claims settlement process. You have the right to an easy-to- understand explanation of how insurance works and how it will meet your needs. You also have a right to know how premiums are calculated based on relevant facts. A policy issued by Lloyd’s Underwriters will expire on the day specified in the policy. If you wish to renew the policy, the intermediary with whom you deal will have to approach the Underwriters participating in it, often through another intermediary. If Lloyd’s Underwriters are given the information they require to determine renewal terms for the policy at least 45 days prior to its expiry, under normal circumstances, they will advise the intermediary who approaches them of any changes to the policy terms at least 30 days prior to the expiration of the policy. Terms may subsequently change if there is a change in material facts prior to the expiration date. Intermediaries may receive payments from Lloyd’s Underwriters in a variety of ways, which may include the payment of commissions. Lloyd's strongly supports the disclosure and transparency of these commission arrangements. You have the right to ask the intermediary with whom you deal for details of how and by whom the intermediary is being paid. Lloyd's Underwriters accept business as members of syndicates each of which is managed by a 'managing agent'. Lloyd's has risk management procedures in place in respect of the relationship between Lloyd's managing agents and any related companies that act as intermediaries. This is to ensure that the managing agent makes proper disclosures of any such arrangements. A policyholder may ask the intermediary whom he is dealing to disclose if it is a related company to a Lloyd's Xxxxx'x managing agent.

Right to be informed. In dealing with Lloyd’s Underwriters, you will be represented by an intermediary, such as a broker acting as your agent, and they may deal with other intermediariesintermediaries . From the intermediary with whom you deal, you can expect to access clear information about your policy, your coverage, and the claims settlement processprocess . You have the right to an easy-to- understand explanation of how insurance works and how it will meet your needsneeds . You also have a right to know how premiums are calculated based on relevant facts. facts .‌ A policy issued by Lloyd’s Underwriters will expire on the day specified in the policypolicy . If you wish to renew the policy, the intermediary with whom you deal will have to approach the Underwriters participating in it, often through another intermediaryintermediary . If Lloyd’s Underwriters are given the information they require to determine renewal terms for the policy at least 45 days prior to its expiry, under normal circumstances, they will advise the intermediary who approaches them of any changes to the policy terms at least 30 days prior to the expiration of the policypolicy . Terms may subsequently change if there is a change in material facts prior to the expiration datedate . Intermediaries may receive payments from Lloyd’s Underwriters in a variety of ways, which may include the payment of commissionscommissions . Lloyd's ’s strongly supports the disclosure and transparency of these commission arrangementsarrangements . You have the right to ask the intermediary with whom you deal for details of how and by whom the intermediary is being paidpaid . Lloyd's ’s Underwriters accept business as members of syndicates each of which is managed by a '‘managing agent'’ . Lloyd's ’s has risk management procedures in place in respect of the relationship between Lloyd's ’s managing agents and any related companies that act as intermediariesintermediaries . This is to ensure that the managing agent makes proper disclosures of any such arrangementsarrangements . A policyholder may ask the intermediary whom he is dealing to disclose if it is a related company to a Lloyd's ’s managing agentagent . Depending on the jurisdiction, disclosure may be required in writing .

Right to be informed. In dealing with Lloyd’s Underwriters, you will be represented by an intermediary, such as a broker acting as your agent, and they may deal with other intermediariesintermediaries . From the intermediary with whom you deal, you can expect to access clear information about your policy, your coverage, and the claims settlement processprocess . You have the right to an easy-to- understand explanation of how insurance works and how it will meet your needsneeds . You also have a right to know how premiums are calculated based on relevant factsfacts . A policy issued by Lloyd’s Underwriters will expire on the day specified in the policypolicy . If you wish to renew the policy, the intermediary with whom you deal will have to approach the Underwriters participating in it, often through another intermediaryintermediary . If Lloyd’s Underwriters are given the information they require to determine renewal terms for the policy at least 45 days prior to its expiry, under normal circumstances, they will advise the intermediary who approaches them of any changes to the policy terms at least 30 days prior to the expiration of the policypolicy . Terms may subsequently change if there is a change in material facts prior to the expiration datedate . Intermediaries may receive payments from Lloyd’s Underwriters in a variety of ways, which may include the payment of commissionscommissions . Lloyd's ’s strongly supports the disclosure and transparency of these commission arrangementsarrangements . You have the right to ask the intermediary with whom you deal for details of how and by whom the intermediary is being paidpaid . Lloyd's ’s Underwriters accept business as members of syndicates each of which is managed by a '‘managing agent'’ . Lloyd's ’s has risk management procedures in place in respect of the relationship between Lloyd's ’s managing agents and any related companies that act as intermediariesintermediaries . This is to ensure that the managing agent makes proper disclosures of any such arrangementsarrangements . A policyholder may ask the intermediary whom he is dealing to disclose if it is a related company to a Lloyd's ’s managing agentagent . Depending on the jurisdiction, disclosure may be required in writing .