These commercial terms are to be agreed by the company seeking capacity for their insurance program. If you are an agent of the company seeking capacity, then these commercial terms are to be agreed by your client.
- You agree that in the event you conclude any agreement for provision of capacity with any Capacity Provider that accessed your program listing on Capacity Place, save Capacity Providers which have been expressly excluded, that Capacity Place shall be entitled to an introducers commission as per our Pricing policy.
- You acknowledge that commissions payable to Capacity Place are exclusive of any other commissions or advisory fees.
- You agree to deliver Capacity Place with final copies of the capacity provision agreements and any renewals or amendments to these agreements.
- You agree to provide Capacity Place with risk and premium bordereaux or statements of accounts as necessary to ascertain Introducers Commission payable and owing.
- You agree to pay Capacity Place its Introducers Commission alongside any premium remittances to Capacity Providers or upon receipt of commission payments from Capacity Providers.
- You agree not to circumvent, disintermediate, avoid, bypass, or obviate Capacity Place, directly or indirectly, to avoid payments or fees, commissions, or any other form of compensations to Capacity Place in any transaction with any Capacity Provider accessed, discovered or introduced to you through Capacity Place.