Retail Broker definition

Retail Broker means a person which is licensed as either a dealer, broker or adviser under the Act and the business of which is predominantly the provision of services to retail investors within the meaning of the Act;
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Retail Broker means any retail broker or other Person acting on behalf of a customer to obtain an insurance policy or other product from or through a Wholesale Brokerage Business, Underwriting Business or Carrier.
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Retail Broker means any person engaged in the business of selling or offering for
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Examples of Retail Broker in a sentence

  • Applicant agrees to pay the premium, PGMF, other fees (if applicable), State or Federal taxes and/or surcharges (if applicable) to its Retail Broker.

  • Its Retail Broker shall then remit the premium, PGMF, other fees (if applicable), State or Federal taxes and/or surcharges (if applicable) to the Administrator or the relevant MGU, depending on how the Retail Broker is invoiced by either the Administrator or the relevant MGU.

  • Once Applicant instructs its Retail Broker to instruct an MGU to bind coverage, and coverage is placed into effect, coverage cannot be “unbound.” If Applicant decides to cancel coverage, even if it is one day into a policy, Applicant owes the MGU the Minimum Earned Premium.

  • If Applicant decides to negotiate the terms, conditions, and exclusions of its insurance coverage with the MGU, Applicant may only do so through its Retail Broker.

  • Applicant’s Retail Broker assumes all liability for advising Applicant as to the purchase of proper insurance coverages.

  • The earliest date upon which an MGU may place coverage into effect is the date upon which it receives a request in writing from Applicant’s Retail Broker to place coverage into force (i.e.- to “bind” coverage).

  • If Applicant’s Retail Broker communicates written instructions to an MGU to bind or cancel coverage, such binding or cancellation instructions will be deemed to have been authorized by Applicant.

  • Nothing in this Agreement shall be construed to create a relationship of employer and employee, nor an agency relationship, between Applicant’s Retail Broker and an MGU or a Selected Carrier.

  • Applicant’s Retail Broker may not hold itself out, nor convey to anyone by any means, nor allude to the fact that it is an agent or employee of an MGU or a Selected Carrier.

  • In most instances Applicant’s Retail Broker receives no compensation for its services from a Selected Carrier or an MGU in the Insurance Programs.

Related to Retail Broker

  • Data Broker means either of the following:

  • Prime Broker means a Person that acts as credit counterparty for transactions executed on the SEF in the name and on behalf of such Person by its client or an agent of its client that is a BSEF Participant and that has authorized a Participant to send RFQs, place Orders or enter into Trades in the name and on behalf of such Person.

  • Seller’s Broker means Xxxxxx Xxxxxxx of Xxxxxxx and Wakefiled.

  • Customs Broker means that individual, partnership, entity or corporation licensed by the Canada Border Services Agency, or other authorized body, to engage in the business of a customs broker and who is named as the Customs Broker in the Agency Agreement and Power of Attorney.

  • Introducing Broker means any financial institution or advisor or legal or natural person obtaining remuneration from the Company and/or Clients for introducing Clients/interested parties to the Company.

  • Principal broker means a broker who is either a real estate proprietor, a partner in a real estate partnership, or an officer in a real estate corporation.

  • Real estate broker means an individual or business entity that, with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses of, lists or offers or attempts to list, or negotiates the purchase, sale, or exchange of real estate; that negotiates the mortgage of real estate; that negotiates for the construction of a building on real estate; that leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; that engages in property management as a whole or partial vocation; that sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or that, as owner or otherwise, engages in the sale of real estate as a principal vocation.

  • Associate broker means a licensed broker who is employed by

  • REAL ESTATE BROKERS (See also Paragraph 15)

  • insurance broker means an insurance brokerage firm,

  • Tenant’s Broker means the individual or corporate broker identified on the Basic Lease Information sheet as the broker for Tenant.

  • Salesperson means any person holding an Iowa real estate salesperson license as defined in Iowa Code section 543B.5(19).

  • Customs Broker Agreement means an agreement, in form reasonably satisfactory to the Collateral Agent, in which the customs broker or other carrier acknowledges that it has control over and holds the documents evidencing ownership of the subject Inventory for the benefit of the Collateral Agent and agrees, upon notice from the Collateral Agent, to hold and dispose of such Inventory solely as directed by the Collateral Agent.

  • Mortgage broker means any person who for compensation or

  • Loan broker means any person who, for compensation or gain, or in the expectation

  • Landlord’s Broker means the individual or corporate broker identified on the Basic Lease Information sheet as the broker for Landlord.

  • Broker means any person engaged in the business of effecting transactions in securities for the account of others.

  • Participating Broker- Dealer: See Section 2(b) hereof. Person: An individual, trustee, corporation, partnership, limited liability company, joint stock company, trust, unincorporated association, union, business association, firm or other legal entity. Private Exchange: See Section 2(b) hereof.

  • Salesman means an individual, other than a dealer, employed, appointed or authorized by a dealer to sell securities in this state. The partners or executive officers of a registered dealer shall not be deemed salesmen within the meaning of this definition.

  • Pawnbroker means the same as that term is defined in Section 13-32a-102.

  • Sponsoring Broker means a Participant other than a DMA Customer that allows its designated Customers to access the SEF Platform using the Participant ID of the Participant and (i) with respect to Cleared Swaps, is a Clearing Member; and (ii) with respect to Non-Cleared Swaps, is (x) an FCM or Introducing Broker; or (y) non-U.S. Person acting in a similar capacity that is not required to register as an FCM or Introducing Broker under the Act and that is appropriately licensed in a jurisdiction where its DMA Customer is located.

  • Real estate brokerage activity means any activity that involves offering or providing real estate brokerage services to the public, including:

  • Funding and Brokerage Fees means, in respect of a Series, all applicable fees other than the Arranger Fees, including, but not limited to, margin interest, securities lending fees, brokerage fees and costs of transaction taxes on the sale or purchase of Reference Assets (where relevant).

  • Customs Broker/Carrier Agreement means an agreement in form and substance satisfactory to the Agent among a Loan Party, a customs broker, freight forwarder, consolidator, or carrier, and the Agent, in which the customs broker, freight forwarder, consolidator, or carrier acknowledges that it has control over and holds the documents evidencing ownership of the subject Inventory for the benefit of the Agent and agrees, upon notice from the Agent, to hold and dispose of the subject Inventory solely as directed by the Agent.

  • Approved Broker means each of Arrow Valuations Ltd, Xxxxx Xxxxxxxx Salles, X. Xxxxxxxx & Co. Ltd., Maersk Brokers K/S and Xxxx Xxxxxxxx & Co Ltd London and, in the plural, means all of them;