Broker Declarations 2

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It's a fundamental requirement of those agreed procedures that:

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The divisional signatory must be a Distribution / Branch / Regional Manager or Director as agreed by the Director, Distribution and / or Chief Distribution Officer.

If you become aware of any illegal or improper conduct whether by an internal member of staff, broker or other third party, you are urged to report these concerns as soon as possible to your line manager / local senior manager and/or the local Compliance or Regulatory Standards contact or via any of the whistle blowing mechanisms the company has in place

The elements of any arrangement are recorded within the prescribed Deal documentation wording and accurately reflect the remuneration provisions. A copy of which is signed and lodged with the Broker Distribution Management team (that copy being relied upon as the basis of said arrangement).

The Broker’s signatory must be a senior person within their organisation who has authority to enter into such an agreement.

The basis of the arrangement complies with the Standard Deal Parameters document, or any variations have been signed-off by relevant Head Office authority holders.

Standard Deal Parameters document

The existence of a Business Plan, and the benefits provided thereby, must not be allowed to affect the Broker’s placing strategy. All Business transacted is done so as it is in the best interests of the Policyholder.

Any benefits (including financial recompense) that are accepted by the Broker as part of the Business Plan should be invested in the Broker’s business to improve the service to their customers

Knowledge of the arrangement is restricted to selected individuals within the Broker’s and Allianz Commercial Offices*, and must not be referred to when discussing individual cases.

*individuals with knowledge of the arrangements in Allianz Commercial regions should be restricted to Regional Managers, Branch Managers, Strategic Account Managers, Regional Distribution Managers, Distribution Managers, Business Development Managers and Allianz Account Developers