FirstUnited Insurance Brokers Limited
 
 
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About Us
 
 

Premium Payment and Return Premiums

  • Premium Payment

    We invoice our clients for the premium plus any taxes which insurers are obliged to collect in respect of the contract of insurance.

    Some insurers may include, as a term of the insurance, a settlement due date or, in some cases, a warranty under the terms of which the premium must be paid to them by a certain date or dates.  We inform our clients of any such requirements and the relevant date(s) in good time to enable the payment terms to be met. 

    Failure to comply with the exact terms of a warranty may mean the insurers’ obligations under the policy will be automatically terminated.

    We recommend that our clients ensure that in the circumstances described above, the premium is paid to us in sufficient time to allow us to pass cleared funds to insurers.


  • Return Premiums

    Credit notes are issued for returns of premium. Credit should not be taken until the item(s) appear(s) on a statement of account.
 
 
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