Only the insurance brokers listed in Appendix 14 may be used. There are FCA rules regarding to whom we pay Client Monies and we must have agreements in place with all sub-brokers before making any commitments. It is an FCA rule that the sub-broker confirms, an e-mail will do, when they have paid the premium to the Insurer. It is the responsibility of the Account Executive to ask for this confirmation when arranging the payment of premium to the sub-broker. Please contact any member of the SCC if you need to add any broker to Appendix 14. This rule does not apply when Paragon pays the premium directly to an approved Insurer and not through the sub-broker. As we are sub-broking our legal duties owed to the client we must also obtain a copy of the sub-brokers E&O certificate.
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