Indie liquidators agree settlement with broker over commission
The joint liquidators of Independent Insurance have reached an out of court settlement with one of the broker’s which refused the 2002 market settlement over premium and commission owed to the insurer.
Over 90% of Independent’s agency brokers agreed the settlement which saw them pay all time-on-risk premium held plus return commission (50% payable at the time of the deal and 50% payable when aOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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