Terms Of Business Agreement Insurance Broker Template for South Africa

1. Premium Handling: Required if the broker handles client premiums directly, detailing trust account arrangements and premium payment procedures

2. Commercial Client Provisions: Additional terms specific to commercial clients, including more complex risk management services

3. International Services: Required for brokers dealing with international insurance placements or cross-border services

4. Electronic Communications: Specific provisions for digital communication and online services if offered

5. Sub-Broking Arrangements: Required when working with other brokers or intermediaries

6. Group Scheme Arrangements: Specific provisions for managing group insurance schemes

7. Risk Management Services: Additional risk management and consulting services if offered beyond basic broking

1. Schedule A - Fee Structure: Detailed breakdown of fees, commissions, and other charges

2. Schedule B - Service Level Agreement: Specific service standards and response times

3. Schedule C - Claims Procedures: Detailed procedures for claims handling and assistance

4. Schedule D - Information Requirements: List of required client information and documentation

5. Appendix 1 - Broker Mandate: Specific authority granted to the broker by the client

6. Appendix 2 - Regulatory Disclosures: Mandatory FAIS Act and other regulatory disclosures

7. Appendix 3 - Privacy Notice: Detailed POPIA compliance and data protection procedures