We are Drakefield Insurance Services Limited. Drakefield Insurance Services Limited (herein DISL) is authorised and regulated by the Financial Services Authority. You may check our details by visiting the FSA web site http://www.fsa.gov.uk/register or by calling the FSA on +44 (0)845 606 1234.
We are registered in England & Wales number 03588184 our registered office is: -
Brierly Place
New London Road
Chelmsford, Essex
CM2 0AP
Our principal place of business is: -
West Wing, Miles Gray Road
Basildon, Essex
SS14 3GD
By activating your account with DISL you agree to be bound by the terms and conditions of this Introducer Agreement.
You may only carry out the following activities: -
Display and provide insurance marketing materials provided by and directed by DISL. You will not use any materials in your possession unless they are approved in writing by DISL.
You are not allowed to carry out either directly or indirectly insurance activities including the following: -
advising on contracts of insurance
arranging contracts of insurance
making arrangements with a view to transactions in contracts of insurance
assisting in the administration and performance of contracts of insurance
dealing in contracts of insurance as an Agent
actively providing insurance information (eg mailing information to policyholders and potential holiday policyholders)
agreeing to conduct any of the above regulated activities
provide generic advice e.g. recommend DISL or the purchase of the Insurance
You will not carry out the Permitted or Prohibited Activities above for any other person (individual or legal entity) unless agreed in writing by DISL.
If you have any doubt about the contents of your obligations under this Agreement you must seek independent advice. If you conduct any activities other than the Permitted activities listed above you may be subject to penalties under the Financial Services and Markets Act. DISL does not accept liability under the Agreement for the consequence of any non-permitted activities carried out by you.
In return for the activities to be conducted under this Agreement you shall receive a commission equal to 25% of the premium (excluding tax) generated by Cargo Owners where you are selected as the Freight Forwarder. Commission is earned from the date that the account is activated there shall be no retroactive payment of commission.
DISL shall settle all commission due monthly within 30 days of the month end by BACS. It is a condition of this Agreement that you supply a UK bank account to receive commission due.
If we have any reason to believe that your activities under this Agreement may be be subject to to enquiries by the FSA, you agree to cooperate to provide access to the FSA and DISL representatives, with reasonable notice, during reasonable business hours to any of your business premises in relation to your performance of your obligations under this Agreement.
Any marketing and insurance materials provided by us including copyright and other intellectual property rights in such material will at all times remain the property of DISL.
Except as provided below, you will maintain as confidential and not disclose to any person, nor use for any purpose other than the proper performance of your obligations under this Agreement, any data or information which you obtain or which otherwise comes into your possession concerning any aspect of DISL's business. You will be responsible for any violation of this clause by your agents, employees, professional advisors or sub-contractors.
this duty of confidentially shall not apply to any information which can be shown to be:
1) In the public domain at the time it was disclosed
2) Information which has become public knowledge other than by breach of this Agreement; or
3) Required to be disclosed by law or regulatory requirement to which you are subject.
This Agreement comes into force on the activation of your account and will continue until terminated by either party giving the other not less than one month's notice in writing or unless terminated immediately if either party commits a material breach of the provisions of the Agreement.
It is a requirement that you maintain the address stored in the DISL database. All notices shall be in writing and are deemed delivered if sent to the address entered into the DISL database.
1) You may not assign or transfer this Agreement to any third party without DISL's prior consent
2) All variations to this Agreement must be in writing.
3) This Agreement is governed and construed under English Law and is subject to the jurisdiction of the Courts of England.