Non-solicitation clauses for TOBAs
The British Insurance Brokers' Association and the Institute of Insurance Brokers is working with in...
The British Insurance Brokers' Association and the Institute of Insurance Brokers is working with insurers to ensure non-solicitation clauses are included in all new terms-of-business agreements.
The associations are confident insurers will adopt the clause, which protects brokers' client ownership, preventing insurers from approaching clients direct. However, they are yet to see some TOBAs.
The IIB had warned brokers not to sign Royal & SunAlliance's TOBA as it failed to include a non
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