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Reminder: Fee agreement to be implemented by short-term advisors before 1 January 2019

Posted on 7 Dec 2018

Short-term advisors who charge clients a fee over and above that earned for “rendering services as intermediary” are reminded to implement an explicit, written fee agreement before Rule 12.4.1 of the Short-term Insurance Policy Holder Protection Rules takes effect on 1 January 2019 as per the amended Policy-Holder Protection Rules.

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