Broker Agency Agreement (Page 4 of 7) in pdf

Broker Agency Agreement Page 4

Termination

18 Either party may terminate this agreement by giving one month’s written notice to

the other party or it may be terminated by a party on immediate notice if an

application to wind up the other party is made or an administrator, receiver,

manager or the like is appointed.

19 Any insurance contracts arranged prior to the date of termination shall remain in

force until their normal expiry date, subject to normal practice with respect to

cancellation.

20 After termination, We shall not, unless specifically requested to do so by You,

send any notices of expiry or offers of renewal direct to the Client in respect of

any contract of insurance arranged with the Insurer through Us, but shall instead

send such notice to You.

Notices and Change of Address

21 Any notice, consent or other communication that any party may be required or

may wish to give to any other party under this Agreement shall be in writing and

may be given by:

a) being delivered by hand to the recipient party at its Address for Service;

b) being sent by facsimile transmission to the facsimile number of the recipient

party; or

c) being sent by pre-paid ordinary mail to the Address for Service of the recipient

party;

and that notice shall be deemed to have been given:

a) if delivered personally, on the date on which that notice was personally

delivered;

b) if sent by facsimile transmission, on the date on which the sending party’s

facsimile machine records that the facsimile has been dispatched to the

facsimile number of the recipient; or

c) if sent by pre-paid ordinary mail within Australia, on the date being three (3)

business days after the date of posting.

22 Each of the parties will give notice to the other of any change of address,

telephone and facsimile numbers and the like as soon as practicable after such

change.

Relevant Law

23 This agreement is governed by and construed in accordance with the laws of the

State of New South Wales.

Page 4 of 7

Broker Agency Agreement Page 4