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| How you benefit | Application Process | SRI Service Fee | Beware the pitfalls
Application Form | Adviser Agreement | Testimonials | Adviser News Adviser NewsFrom 1st July 2011With the commencement of the Financial Services regulations, Special Risk Insurance will only be providing a "Wholesale" service and will cease to provide all "Personal Advice" as defined under the Act. This means that all business undertaken by us will only be transacted through other Financial Advisers and no Agencies will be held by us. If Advisers do not have an Agency with the insurer offering the most suitable Terms, we will source a Broker who can place the case on your behalf and confirm the arrangements for the policy to be issued.
International Medical CoverWe are delighted to tell you that we have just established a relationship with an international group who specialise in providing Medical and related insurance products to individuals, families and employee groups. They are FSA regulated and approved by the United Kingdom and current rated a A Excellent by AM Best and A- by Standard & Poor. For further information, please call us on 0800-774-757.
Failure to Survive InsuranceDo you know someone who would like to insure someone else and whose failure to survive over a defined period would cause a direct financial loss as a consequence of them not not performing or completing their duties? Examples could be: High Court Judge in charge of a very lengthy court case, an Entertainer scheduled to perform at a public event, a Director or Producer at the start of a lengthy film production, etc. We are able to provide insurance for such a Special Risk event and interestingly, the insured person does not need to know about it. Duty of Disclosure and ComplianceA 'must read' for all advisers, is an article written by Sue Laing titled 'Don't Rock the Boat', which appeared in the 7th September edition of Financial Alert. It describes a real life story about managing clients who demand premium-shopping, taking risks with replacement cover and 'covering backsides' by obtaining things in writing. I encourage every Adviser to read this at: http://financialalert.co.nz/insurance/cover-story-dont-rock-the-boat Problems With an Insurance Claim?Over the recent years we have been invited to assist claimants to get a satisfactory conclusion with an insurance claim. The most recent has been a Financial Planner who had suffered a heart attack and other complications and after 8 frustrating months of no Income Protection payments, asked us for assistance - his energy had been totally sucked dry. We achieved a settlement after 17 hours of our time, for which he happily paid us, when at one point the insurer had closed the file. Because of our underwriting expertise, product knowledge and industry reputation, if you have client who is utterly frustrated that he wants external professional assistance, we welcome your or his call. This is a professional service and an hourly fee will be charged, or a fee for service based a percentage of the benefit payable. ArticlesProcessing the Non-Standard Case Battling Extremes – how to gain cover for high risk clients Special Risks Insurance Newsletters |
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