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

  • The Retail Broker shall adhere to the terms of credit agreed with the Wholesale Broker.

  • The Retail Broker will comply with any reasonable procedures communicated to it in writing by the Wholesale Broker from time to time that relate to such documentation.

  • The Wholesale Broker cannot terminate this Agreement for reason of non-production and the Wholesale Broker cannot require the Retail Broker to introduce a specified level of business.

  • Where insurance policies relate to the provision or renewal of motor insurance, all policies and documents, including but not limited to original certificates, discs, schedules, notices, endorsements and receipts will be provided by the Retail Broker to the customer in accordance with all Applicable Law.

  • The Wholesale Broker acknowledges that the Clients are clients of the Retail Broker and that those Clients do not become shared clients or Wholesale Broker client by virtue of the operation of this Agreement.

  • The Wholesale Broker will not itself or through a third party sell or cross sell to the Clients any product normally available in the broker market without the consent of the Retail Broker (such products to include inter alia life insurance, pensions, savings and investments, mortgages, health insurance, general insurance).

  • It shall be a consequence of termination that: the Retail Broker shall immediately cease to be authorised to act under the terms of this Agreement; commission and fees earned by the Retail Broker under any commission arrangements up to the effective date of termination shall (notwithstanding termination) be immediately paid by the Wholesale Broker to the Retail Broker; and any renewal of the policy after termination of this agency agreement will not give rise to any entitlement of commission.

  • Further to clause 2.1.2.2 above: The Retail Broker in a capacity as agent for the Wholesale Broker is authorised to collect and accept all new, additional and renewal premiums in connection with any insurance policy.

  • The aggregate liability of the Retail Broker under this Agreement for any loss, damages or costs shall not exceed [the minimum level of ring-fenced professional indemnity insurance cover that is required to be held by insurance intermediaries in respect of insurance distribution and that is available to the Retail Broker].

  • The Wholesale Broker shall deal with any reasonable requests or enquiries from the Retail Broker relating to the insurance policies promptly and use all reasonable endeavours fully to support the Retail Broker in the conduct of its business for the purposes of fulfilling its obligations under this Agreement.

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 ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇.

  • 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 a third party who introduces prospective Clients to the Company.