We wish to become an affiliate of MPI Brokers in order to sign post customers to the MPI Brokers Travel Insurance Plans.
As an Affiliate the applicant becomes an agent of MPI Brokers and an unregulated introducer which will not require any licence or permissions from the Financial Conduct Authority (FCA). Should your business activities now or at any time in the future exceed the introducer status you must immediately inform MPI Brokers and please also read the section in Terms of Business relating to regulations.
GN1: In order for us to be in a position to give advice on the insurance we provide for your customers please give
a full description of your firm’s activities
GN2: If you tick two or more of the boxes in Q8 your firm falls under the Package Travel Regulations and we will
be in contact to discuss regulatory matters
GN3: If you or your firm falls under the Package Travel Regulations there is a requirement to protect customers’ deposits.
As part of the MPI Affiliate programme we request that agents actively promote MPI to their customers onan exclusive basis and we have shown below some marketing ideas:
For travel companies that fall under the Package Travel Regulations the process explained in 1–4 above is a requirement – (signposting under the PTR).
Clubs, Associations, Retail Shops, Ski-Slopes, Journals and others:
MPI Brokers ('MPI') is a trading name of Michael Pettifer Insurance Brokers Ltd who is incorporated in England and Wales under company number 4469885 and is authorised and regulated by the Financial Conduct Authority and whose registered address is Greens Court, West Street, Midhurst, West Sussex, GU29 9NW. MPI's correspondence address is West House, West Street, Haslemere, Surrey, GU27 2AB.
For the purpose of these Terms of Business the Applicant shown in Box 1 becomes an Unregulated Introducer and an Agent of MPI Brokers. The term Affiliate shall mean Agent.
The Affiliate must comply with the rules of the statues of Unregulated introducer which limits the insurance activities to that as an introducer only.
The Affiliate may not give advice on this or any other insurance, make any recommendations, arrange insurance or collect premiums but effect only an introduction to MPI Brokers.
The FCA defines an Introducer as a tied agent or affiliate who carries out effecting introductions or distributing non-real time promotions.
The Affiliate shall use all reasonable endeavours to introduce customers to MPI in accordance with the Sales and Promotions notes on page 4 of the Affiliate Application form, and comply with the obligations set out.
MPI will deal directly with customers of the Affiliate and where possible offer them insurance that they may reasonably request and advise the customer of the premium and any fees applicable
Create and maintain a database of records relating to insurance sold. Credit commission to the Affiliate's commission account and make payments as requested from time to time. The Affiliate may not invoice MPI for commission
Upon the introduction of a customer, commission shall be earned by the Affiliate in perpetuity upon the sale of insurance at the rate agreed from time to time and shall be calculated on the Gross Premium
Gross Premium is the total amount paid less any service charges and insurance premium tax
We hold the right to change premiums at any time without notice.
The Affiliate shall not market or promote any other insurance plan
Both parties will retain ownership of all their respective rights, including intellectual property rights in their respective plans, databases, computer programmes, documents, materials, ideas or other information which shall include claims statistics
Either party may give three months written notice to the other to terminate the agreement. The effect of termination shall be that the Affiliate shall lose any future commission on business from introduced customers after termination
Neither party shall disclose to any third party any confidential information disclosed to either of them by the other nor use this for their own benefit which shall include but not limited to all information which relates to the operations, plans, know-how, trade-secrets, business affairs, logos, trademarks and intellectual property of either party
Each party shall be responsible for its own expenses incurred in performing its obligations under these terms of business
Nothing in these Terms of Business shall be construed as constituting a partnership between the parties
Should there be a liability to VAT on the commission earned by the Introducer; this shall be the responsibility of the Introducer. In the event that Her Majesty's Customs and Revenue (HMRC) deem MPI, the underwriting agent or Insurers responsible for VAT on the Introducer's commission, we and they hold the right to recover such sums paid from the Affiliate
The Affiliate shall indemnify and keep indemnified MPI for any errors or omissions caused by the Affiliate
These terms of business are governed by the laws of the United Kingdom and the parties submit to the exclusive jurisdiction of the various courts of the United Kingdom and the Affiliate shall at all times comply with the rules laid down by the Financial Conduct Authority.