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BROKER SIGN UP FORM

If you would like to access our online PA product, enabling you to obtain quotes & bind cover for your clients within minutes, please complete the quick application and we will send you your login details by return. Start earning commission immediately! By clicking on the SIGN UP button at the bottom on this agreement, you confirm your acceptance of these terms and conditions.

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TERMS & AGREEMENTS (BROKER AGREEMENT)

This Agreement records the procedure and basis of transaction relating to contacts of insurance arranged by Us for You on behalf of Your Clients.

Utmost Good Faith

The utmost good faith will prevail in all dealing between the parties to this Agreement.

AFS Licence

At the time of accepting this Agreement, You must hold an Australian Financial Services Licence, authorising You provide financial product advice and deal (by way of arranging) in general insurance.

You must immediately inform Us of any changes to Your Licensing status that affects Your ability to provide the services related to this Agreement.

Both parties must comply with all relevant laws.

Our Relationship

Neither party has authority to act on behalf of or represent the other, and shall not purport to have such authority.

It is understood and agreed that when providing Services under this Agreeement:

a) We are providing them to You and not Your Client.
b) You are responsible for meeting all of The Act requirements in Your dealings with Your Client.
c) Any advice that We provide You in relation to this Agreement is General Advice.
d) You are a Wholelsale Client to Us (as defined under the Act) for the purposes of this Agreement and the Services We are providing to You are not appropriate for Retail Clients.

Commissions and Fees

We will pay You a Commission of 15% for each Contract of Insurance arranged under this Agreement, except where otherwise advised by Us when providing terms and conditions to You or as agreed in writing between both parties.

We will disclose within our quotation and invoice any fee We charge You for arranging the Contract of Insurance and this fee must be disclosed separately to Your Client.

You may charge Your Client a fee for Your services however, such fee must be clearly identified as a fee charged by You in Your own right and not on behalf of Us.

Premium Payment

You shall pay to Us the Gross Premium, Statutory Duties and/or Levies plus Our fees for each specific Contract of Insurance arranged by Us on behalf of Your Client within thirty (30) days after commencement of the risk to which the premium relates or the payment date shown on Our invoice, whichever is the earlier.

You may deduct from the payment to Us any Commission payable under this Agreement to You for the relevant Contract of Insurance.

If premiums are not received within 30 days after commencement of the risk to which the premium relates, We will advise the insurer of non payment of the premium and request the insurer to cancel the policy accordingly.

Claims

Upon You notifying Us of a claim, We shall inform the insurer as soon as reasonably practicable; and take such other action on behalf of the Insurer as may be requested.

I have read and agree to the terms and conditions

INCOME PROTECTION SPECIALISTS