Document background
The Insurance Introducer Agreement is essential for businesses operating in the Australian insurance market who wish to establish formal referral arrangements. This document is typically used when an insurer or underwriting agency wants to expand their distribution network through third-party referrers who aren't licensed insurance brokers. It comprehensively addresses regulatory requirements under Australian law, including AFSL obligations, commission structures, and compliance with ASIC guidelines. The agreement protects both parties by clearly defining roles, responsibilities, and limitations, while ensuring adherence to Australian financial services regulations. Key components include referral procedures, commission arrangements, compliance requirements, and data protection measures.
