Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Terms Of Business Agreement (Insurance)
"I need a Terms of Business Agreement (Insurance) for a New Zealand insurance broker relationship where we'll be delegating binding authority for commercial property policies up to NZD 5 million, including electronic trading integration, with the agreement to commence from March 1, 2025."
1. Parties: Identification of the contracting parties - typically the insurer and the broker/intermediary
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Terms of the broker's appointment and scope of authorized activities
5. Regulatory Compliance: Obligations regarding regulatory compliance, licenses, and registrations
6. Broker's Duties and Responsibilities: Detailed obligations of the broker including client service, disclosure, and documentation requirements
7. Insurer's Duties and Responsibilities: Obligations of the insurer including support, documentation, and service standards
8. Commission and Remuneration: Terms relating to broker compensation, commission structures, and payment terms
9. Claims Handling: Procedures and responsibilities for handling insurance claims
10. Professional Indemnity: Requirements for professional indemnity insurance coverage
11. Confidentiality and Data Protection: Obligations regarding confidential information and compliance with privacy laws
12. Term and Termination: Duration of the agreement and circumstances for termination
13. General Provisions: Standard legal provisions including governing law, notices, and dispute resolution
1. Delegated Authority: Used when the broker is granted authority to bind insurance on behalf of the insurer
2. Special Facilities: Included when specific insurance facilities or schemes are agreed
3. Electronic Trading: Required when parties agree to use specific electronic trading platforms or systems
4. Risk Transfer: Included when specific risk transfer arrangements are agreed between parties
5. Sub-Broking: Used when arrangements with sub-brokers are permitted
6. White Labelling: Required when white labelling of insurance products is permitted
7. Premium Handling: Detailed premium handling procedures when non-standard arrangements apply
1. Schedule 1 - Commission Rates: Detailed breakdown of commission rates by product line
2. Schedule 2 - Products and Services: List of insurance products and services covered by the agreement
3. Schedule 3 - Service Level Agreement: Detailed service standards and performance metrics
4. Schedule 4 - Authorized Personnel: List of authorized representatives and their authorities
5. Schedule 5 - Systems and Procedures: Technical specifications for systems integration and operational procedures
6. Appendix A - Required Information: Templates and formats for required documentation and reporting
7. Appendix B - Compliance Checklist: Regulatory compliance requirements and verification checklist
Authors
Insurance
Financial Services
Risk Management
Insurance Broking
Reinsurance
Professional Services
Financial Technology
Insurance Technology
Legal
Compliance
Distribution
Operations
Risk Management
Business Development
Broker Relations
Commercial
Insurance Operations
Partnerships
Product Development
Chief Executive Officer
Chief Operating Officer
Head of Distribution
Compliance Manager
Legal Counsel
Insurance Manager
Broker Relationship Manager
Risk Manager
Operations Manager
Business Development Manager
Commercial Director
Head of Compliance
Insurance Broker
Managing Director
Partnership Manager
Chief Risk Officer
Head of Legal
Find the exact document you need
Terms Of Business Agreement (Insurance)
A New Zealand-governed agreement establishing the business relationship between an insurer and insurance intermediary, setting out terms for conducting insurance business.
Terms And Conditions Of Service Agreement
A New Zealand-compliant agreement outlining the terms and conditions for service provision between a service provider and their customers.
Terms And Conditions Of Agreement
A New Zealand law-governed document that establishes the contractual relationship between a business and its customers, outlining key terms, rights, and obligations.
Service Agreement Payment Terms
New Zealand-compliant payment terms document outlining payment obligations, methods, and remedies for service agreements under NZ law.
NDA In Legal Terms
A New Zealand law-compliant Non-Disclosure Agreement protecting confidential information shared between parties, incorporating key requirements of NZ contract and privacy legislation.
General Terms Of Contract
Standard terms and conditions document under New Zealand law establishing core commercial relationship parameters between contracting parties.
Terms Of Use Contract
A New Zealand-compliant Terms of Use Contract establishing rules and conditions for digital service usage, governed by NZ law.
Trading Terms Agreement
A New Zealand law-governed agreement establishing core terms and conditions for business-to-business trading relationships.
Term Service Contract
A New Zealand-governed agreement establishing terms and conditions for ongoing service provision between parties, including service scope, duration, payment terms, and performance standards.
Key Man Agreement
A New Zealand-governed agreement protecting a company's interests regarding crucial employees through insurance and retention provisions.
Terms And Conditions Invoice
Standard terms and conditions for invoicing and payment processes, compliant with New Zealand commercial law.
Temporary Housing Agreement
New Zealand-compliant temporary housing agreement for short-term residential arrangements, aligned with the Residential Tenancies Act 1986.
Independent Contractor Payment Terms
New Zealand-compliant payment terms agreement setting out compensation arrangements and obligations between organizations and their independent contractors.
Vendor Terms Contract
A New Zealand-governed agreement setting out standard terms and conditions for the supply of goods or services from a vendor to its customers.
Short Form Of Agreement
A concise commercial agreement template compliant with New Zealand law, designed for straightforward business arrangements.
License Terms
New Zealand-governed terms establishing rights and conditions for licensed property use, including usage scope, restrictions, and party obligations.
General Terms Agreement
A New Zealand law-governed master agreement establishing standard terms and conditions for business relationships between parties.
Terms Of Engagement Contract
A New Zealand-compliant agreement that establishes the terms and conditions for professional service engagement between a service provider and client.
Cloud Service Agreement
New Zealand-compliant Cloud Service Agreement template covering cloud service delivery, data protection, and security requirements under NZ law.
Term Service Agreement
A New Zealand-law governed agreement establishing terms and conditions for ongoing service provision over a defined period.
Terms And Conditions For Service Invoice
New Zealand-compliant terms and conditions document establishing service invoicing requirements and payment terms between service providers and clients.
Terms Of Service Contract
A New Zealand-compliant Terms of Service Contract establishing service delivery terms and user relationships under NZ law.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.