+27 83 880 1615 info@botseaviation.co.za

Terms Of Business Agreement Insurance

29.1 This TOBA, all related letters/correspondences and the business relationship of the parties are governed by the law of England and Wales or are subject, as agreed in writing, to the exclusive jurisdiction of the Court of Justice in the jurisdiction of England and Wales, or as agreed in writing. 8.7 Nothing in this agreement gives the broker the power to modify insurance activities, amend documents or directives, and/or compel the company in a manner different from that expressly agreed in this TOBA. A copy of the Treuhand-Dedr. is available on request or can be accessed with us during regular business hours. If you object to your money being held in a non-statutory account, you should let us know immediately. Otherwise, your consent to the payment of the premium and your acceptance of these conditions constitute your informed consent for us to hold your money in a non-statutory trust account. Interest held on funds in a non-statutory account is withheld by us. For some transactions, the customer`s money can be transferred through other authorized intermediaries before being paid to the insurer. You must apply to cancel a policy in writing and all relevant insurance certificates must be returned to us or the insurer concerned. In the event of cancellation, our services are charged in accordance with the “Payment for Our Services” section. The terms of your policy may allow insurers to keep the premium in full or charge short-term premiums in the event of cancellation before the policy expires. Your insurance document describes your rights to terminate your insurance as soon as you take them out. Depending on the type of policy you have acquired, you can terminate your contract within 14 or 30 days of entering into the contract or receiving your policy document, depending on what happens later.

This is often called cooling time. If you cancel a policy before renewal, you are responsible for paying a tax to cover coverage and administrative costs.