Binder Regulations

Dear Valued Broker

Please note that in terms of the binder regulations no broker has the authority to in any way bind an insurer to risk without a written binder agreement with the insurer.

This includes risk acceptance, cover confirmation, cross border confirmation, appointment of assessors. Non-compliance may result in a policy being declared invalid and in regulatory action from the FSB.

Please ensure that you receive the relevant communication and / or documentation from Cross Country at all times.

Thank you for your cooperation.

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