We offer our customers a convenient way to pay for their policy. With our preferred provider, Premium Credit Limited (PCL), you can set up a collection system. This means that you pay a deposit (if any) and pay the balance of your premium by the same monthly payments. It is important that you read your credit agreement, as well as the other information contained in your welcome letter/email. To continue financing, please sign a copy of your credit agreement and send it back to us. Popular name: Act 218500.1508 Premium Finance Agreement; Requirements Specifications Article; Subsidiaries.Sec. It is important that the loan agreement is signed. A $10 fee can be collected if the contract is not signed and returned to PCL within the specified period. Full details of the agreement are provided by PCL as part of the implementation of the contract.
Premium Financing Agreement,” an agreement whereby an insured or potential insured promises to pay an insurance premium financing company the amount advanced under the agreement or to an insurance producer in the event of payment of premiums for an insurance policy accompanied by a financing commission. A $10 fee is levied on premium credits if they do not receive your signed credit contract until the date indicated in your welcome letters and emails (usually 28 days from the receipt of the agreement). Please take note of this to check your deadline. The $10 fee reflects the cost of premium credit if you are reminded to return the credit contract. We use PCL only to provide funds to endsleigh customers. We can receive a commission for the introduction of customers. Please note that not all of the information we provide is personal advice or recommendations. Your personal data and the bank details you provide will be sent to them and they will contact you by mail, email or text. The balance is subject to status and you can use a credit reference agency that leaves a search record or other information about you to perform credit and money laundering audits. PCL can also conduct credit assessments based on an earlier payment history than you may have had with them.
If you don`t sign and return your contract, you can`t get financing from Close Brothers Premium and you may have to find another way to pay for your insurance policy. Your credit sets out the details of your current account credit agreement with us.