BACKGROUNDMay 4th, 2024
FiledMay 4th, 2024On or about 10 March 2003, Charter Life Insurance Company Ltd (“Charter”) entered into a written broking Agreement (“the Agreement”) with ECE Financial Holdings (“ECE”). In terms of the Agreement, ECE was to act as an independent intermediary for Charter’s financial products and as compensation for same, ECE would receive commission on premiums Charter would receive for the duration of the Agreement, on contracts issued pursuant to proposals submitted by ECE.