Common use of Security of Your Money Clause in Contracts

Security of Your Money. Prior to your premium being forwarded to the insurer, and for your protection, we either hold your money as an agent of the insurer, or hold it in a client bank account on trust for you. We may need to transfer your money to another intermediary in some cases. However, your money will be protected at all times because of our requirements under FCA rules. We also reserve the right to retain interest earned on this account. By instructing us as your broker you accept these Terms of Business and give us your consent to operate in this way.

Security of Your Money. Prior to your premium being forwarded to the insurer, and for your protection, we either hold your money as an agent of the insurer, or hold it in a client bank account on trust for you. We may need to transfer your money to another intermediary in some cases. However, your money will be protected at all times because of our requirements under FCA rules. We also reserve the right to retain interest earned on this account. By instructing us as your broker you accept accepting these Terms of Business and give us you are giving your consent for us to operate in this way.