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Insurance Broker Contract
I need an Insurance Broker Contract under Danish law for our manufacturing company's international operations, with specific provisions for global risk management services and sub-broking arrangements in multiple jurisdictions, to be effective from March 2025.
1. Parties: Identification of the insurance broker and the client, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement and brief description of the broker's services and authority
3. Definitions: Key terms used throughout the agreement, including regulatory terms under Danish law
4. Appointment and Scope of Services: Formal appointment of the broker and detailed description of core insurance broking services to be provided
5. Broker's Obligations: Key responsibilities including due diligence, market analysis, claims assistance, and compliance with Danish insurance regulations
6. Client's Obligations: Client's responsibilities including information disclosure, premium payments, and cooperation requirements
7. Remuneration: Fee structure, commission arrangements, and payment terms in compliance with Danish transparency requirements
8. Regulatory Compliance: Compliance with Danish Insurance Mediation Act and other relevant regulations
9. Confidentiality and Data Protection: Obligations regarding confidential information and GDPR compliance
10. Professional Liability: Professional indemnity insurance and liability provisions
11. Term and Termination: Duration of agreement and termination provisions
12. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
1. Risk Management Services: Additional section when the broker provides specific risk management consulting services
2. Claims Handling Authority: Detailed section when the broker is given specific authority to handle claims on behalf of the client
3. International Services: Section for cross-border insurance arrangements and international service provision
4. Sub-Broking Arrangements: Required when the broker may need to engage other brokers for specific markets or risks
5. Premium Financing: Section covering arrangements for premium financing services if offered
6. Electronic Communications: Specific provisions for digital communication and online services when relevant
7. Sanctions Compliance: Additional compliance provisions for clients with international operations
1. Schedule of Services: Detailed breakdown of all insurance broking services to be provided
2. Fee Schedule: Detailed fee structure and commission arrangements
3. Service Level Agreement: Specific performance metrics and service standards
4. Broker's Professional Indemnity Insurance Details: Details of the broker's own professional indemnity coverage
5. Data Processing Agreement: GDPR-compliant data processing terms and procedures
6. Authorized Representatives: List of authorized contacts for both parties
7. Compliance Documentation: Copies of relevant licenses and regulatory authorizations
Authors
Applicable Law
Broker Services
Business Day
Claims
Client
Client Information
Commencement Date
Confidential Information
Danish Insurance Mediation Act
Data Protection Laws
Finanstilsynet
Force Majeure
GDPR
Group
Insurance Markets
Insurance Period
Insurance Policy
Insurance Products
Insured
Insurer
Intellectual Property Rights
Market Reform Contract
Personal Data
Policy Documentation
Premium
Professional Indemnity Insurance
Regulatory Requirements
Remuneration
Representatives
Risk Management Services
Service Level Standards
Sub-Broker
Term
Territory
Third Party
Transparency Requirements
Scope of Services
Regulatory Compliance
Authorization
Broker Obligations
Client Obligations
Remuneration
Fee Structure
Commission Disclosure
Professional Indemnity
Liability
Confidentiality
Data Protection
GDPR Compliance
Service Levels
Claims Handling
Risk Management
Market Analysis
Documentation
Record Keeping
Conflict of Interest
Anti-Money Laundering
Force Majeure
Term
Termination
Insurance Placement
Premium Payment
Sub-Broking
Assignment
Amendments
Notices
Severability
Entire Agreement
Governing Law
Jurisdiction
Dispute Resolution
Client Money
Electronic Communications
Intellectual Property
Non-Solicitation
Insurance Market Security
Financial Services
Insurance
Manufacturing
Retail
Healthcare
Construction
Transportation
Real Estate
Technology
Energy
Maritime
Agriculture
Professional Services
Hospitality
Legal
Risk Management
Finance
Compliance
Procurement
Operations
Insurance
Corporate Services
Commercial
Claims
Risk Manager
Chief Financial Officer
Insurance Manager
Compliance Officer
Legal Counsel
Procurement Manager
Operations Director
Chief Risk Officer
Insurance Broker
Account Executive
Commercial Director
General Counsel
Financial Controller
Business Development Manager
Claims Manager
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