They are required to ensure that all insured amounts and compensation limits are reasonable for the coverage requested. We will inform you of the basis for calculating the amounts insured and will provide you, on request, with information about external experts, such as evaluators and evaluators, whom you would like to consult. The following information on the calculation of insured interruption of service allowances is used for advice, but you should get advice in a targeted way by us whenever you have doubts about what should be included. The standard agreement, which According to Biba can save brokers up to 80 hours of work, can now be delivered via the RegTech platform. “This model can provide a common layout for these agreements, which will make it easier for brokers to navigate, especially if they are faced with about 30 different agreements that they need to understand and manage.” This document describes our service and how you use your insurance. Please read it carefully and keep a copy for your recordings. The English language is used for all communications, contractual terms and information that we must provide to you before and during the duration of the contract, and this agreement is governed by English law (Scottish law, if issued in Scotland). The Financial Conduct Authority (FCA) is the independent supervisory authority that regulates financial services. John Henshall Ltd t/as Henshalls Insurance Brokers is licensed and regulated by the Financial Conduct Authority. Our ACF registration number is 307059. You can check our status at www.fca.org.uk/firms/systems-reporting/register or the FCA on 0800 111 6768. Our licensed business includes advice, organization, dener and theft assistance in the placement and management of general insurance policies as well as credit brokerage, as described below.

Tim Ryan, executive chairman of Ryan`s and a member of BIBA Main Board, said: “In order to increase productivity, we need to reduce friction costs for the business. It is a classic case to have dozens of trade agreements as slightly different as ever that require continuous review by lawyers and regulatory staff. I am determined to allow a complete welcome of this new model of BIBA. This contract remains in effect unless it is terminated by one of the parties as the terms below or you have not placed any insurance activity above us. You can revoke the contract at any time, subject to a written notification to our usual office address. In the event of cancellation, we have the right to keep all commissions and fees purchased by the contract. We have the right to terminate this contract in writing to your most recent address with a one-month delay. Recently, discussions have taken place within the Broker Insurer Forum, an ABI-BIBA group, on TOBA standardization models, and agreement has been reached on a standardized format that can now be used by ABI members when issuing modified TOBAs to their broker partners.