John Brady Insurances will accept payments by cheque and cash in respect of all classes of insurance in the circumstances permitted under Section 25G of the Investment Intermediaries Act 1995. Payments must represent premium in respect of either a renewal of a policy, which has been invited by an insurance undertaking or product producer or a proposal accepted by an insurance undertaking or product producer.
We regret that credit cannot be extended to clients in respect of premiums, initial, renewal or additional. Initial or first premiums must be paid at inception of cover and renewal premiums before the policy renewal date otherwise the Company will advise the insurance undertaking or product producer involved and cover will be cancelled.
John Brady Insurances will issue receipts for each payment received pursuant to provision 3.5 of the Consumer Protection Code 2014 and such receipts will be retained in a safe place.
John Brady Insurances actions in the event of default by the client are:
Product providers are entitled to withdraw benefit or cover on default of any payments due under any products arranged for your benefit. It is therefore critical to the guaranteed continuance of your insurance that your premium is paid in full. 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. We inform our clients of such requirements and the relevant date in good time to allow the payment terms to be met. Failure to comply with the terms of the warranty may mean that the insurers obligation under the policy will be terminated. We will automatically advise you of any payments outstanding on your policy and the consequences of failure to pay premiums.
An outline of the action and remedies which the relevant product producers may take in the event of default by a client is included in the product producers policy document.
The following are a list of insurance undertakings and product producers form which letters of appointments are held.
NON LIFE GENERAL INSURANCE APPOINTMENTS:
AVIVA, AXA, ANGEL, ARACHAS,AIG, ZURICH, ROYAL SUN ALLIANCE, LIBERTY,ARB
UNDERWRITING LTD, FBD INSURANCE,KIDD INSURANCE,PATRONA
UNDERWRITING.,DOLMEN, KENNCO, EUROPA, AON,SERTUS, THOMOND
WRIGHTWAY, BENCHMARK, PRESTIGE, SECURUS,ALLIANZ.
OPTIS, FINSURE, XS DIRECT, FROST UNDERWRITING, TRAVELERS
HICKEY CLARKE & LANGAN, WORLDWIDE INSURANCE.
John Brady Insurances, Drumcor, Loughduff, Co Cavan
Phone: Fax: Email:
043 6683136 043 6683047 Ciaran@brady-insurance.ie
John Brady Insurances Limited is regulated by the Central Bank of Ireland
EFFECTIVE DATE – 5th OCTOBER 2022