A Co Broker Agreement (Insurance) is essential when two licensed insurance brokers in Hong Kong wish to collaborate on insurance placements and share insurance broking activities. This document is used when brokers want to leverage each other's expertise, market access, or client relationships while ensuring compliance with Hong Kong Insurance Authority regulations. The agreement covers crucial aspects such as commission sharing arrangements, regulatory compliance requirements, client ownership rules, and operational procedures. It's particularly relevant when brokers specialize in different markets or insurance lines and want to collaborate while maintaining their separate corporate identities and licenses. The agreement must align with Hong Kong's regulatory framework, including the Insurance Ordinance (Cap. 41) and the Insurance Authority's Code of Conduct for Licensed Insurance Broker Companies.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
Alternatively...
1. Parties: Identification of the co-broking parties, including their licensed status and regulatory details
2. Background: Context of the agreement and the intention to collaborate in insurance broking activities
3. Definitions: Key terms used throughout the agreement, including technical insurance and regulatory terms
4. Scope of Agreement: Details of the co-broking arrangement and permitted activities
5. Regulatory Compliance: Obligations to comply with Insurance Authority requirements and other applicable regulations
6. Duties and Responsibilities: Specific roles and obligations of each broker in the arrangement
7. Commission Sharing: Terms for splitting commissions and other revenue between the parties
8. Client Ownership and Non-Solicitation: Rules regarding client relationships and restrictions on soliciting each other's clients
9. Confidentiality and Data Protection: Obligations regarding client data and confidential information handling
10. Professional Indemnity: Requirements for maintaining professional indemnity insurance and handling claims
11. Term and Termination: Duration of the agreement and circumstances for termination
12. Post-Termination Obligations: Continuing obligations after the agreement ends
13. General Provisions: Standard contract clauses including notices, amendments, and governing law
1. White Labeling Arrangements: Terms for using one broker's brand when dealing with clients, if applicable
2. International Business: Additional provisions for handling cross-border insurance business
3. Specialized Insurance Lines: Specific provisions for handling particular types of insurance business
4. IT Systems Integration: Terms for sharing or integrating technology platforms between brokers
5. Training and Support: Provisions for technical support and training between parties
6. Marketing and Promotion: Rules for joint marketing activities and brand usage
7. Dispute Resolution: Specific procedures for handling disputes, including mediation or arbitration
1. Commission Split Schedule: Detailed breakdown of commission sharing arrangements by insurance type
2. Service Level Agreement: Specific performance metrics and service standards
3. Authorized Representatives: List of key contacts and authorized personnel from each broker
4. Compliance Procedures: Detailed procedures for ensuring regulatory compliance
5. Products and Services: List of insurance products and services covered by the agreement
6. Technical Requirements: IT and systems specifications for collaboration
7. Document Templates: Standard forms and templates to be used in the co-broking arrangement
Authors
Find the document you need
Joint Representation Engagement Letter
A Hong Kong law-governed engagement letter establishing terms for joint legal representation of multiple clients by a law firm, including conflict management and confidentiality provisions.
Download
Co Broker Agreement (Insurance)
Hong Kong-governed agreement establishing collaboration terms between two licensed insurance brokers, including commission sharing and regulatory compliance.
Download
Product Confidentiality Agreement
A Hong Kong law-governed agreement protecting confidential product information shared between parties.
Download
NDA For Software Development
Hong Kong law-governed NDA template for protecting confidential information in software development projects.
Download
Standard Service Agreement
A Hong Kong law-governed agreement setting out terms and conditions for service provision between a service provider and customer.
Download
Product Authorization Letter
A Hong Kong-governed formal document that grants specific authorization rights for product handling, distribution, or sales, establishing legal permissions between product owners and authorized parties.
Download
Business Development Consulting Agreement
Hong Kong-governed agreement for business development consulting services, defining service scope, obligations, and commercial terms.
Download
Research And Development Agreement
A Hong Kong law-governed agreement establishing terms and conditions for research and development collaboration between parties.
Download
App Development Contract
A Hong Kong law-governed agreement establishing terms and conditions for mobile or web application development services, including project scope, deliverables, and mutual obligations.
Download
Non Disclosure Agreement Form
A Hong Kong law-governed agreement establishing confidentiality obligations between parties sharing sensitive business information.
Download
Joint Venture Contract
A Hong Kong law-governed agreement establishing a joint venture between multiple parties, setting out terms for formation, operation, and management of the joint venture entity.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your data is private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
