Terms of Business
1. MARINCON GmbH & Co. KG (MARINCON) is committed to providing its clients with the highest quality standards when dealing with their affairs.
2. As independent insurance intermediaries we act as agents of our clients and we are therefore subject to law which requires us to put the duties we owe you above our own interests.  We may in certain circumstances act for and owe duties of care to a party other than yourselves.  However, we will advise you when these circumstances occur and proceed as regards any possible conflict of interest in accordance with item 45 below.

Core Principles
3. In the course of our business dealings MARINCON undertakes to
3.1 act with due skill, care and diligence;
3.2 observe high standards of integrity and deal openly and fairly with their Clients;
3.3 seek from Clients such information about their circumstances and objectives as might reasonably be expected to be relevant in enabling MARINCON to fulfil their responsibilities to them;
3.4 take reasonable steps to give Clients sufficient information in a comprehensible and timely way to enable them to make balanced and informed decisions about their insurance;
3.5 take appropriate steps to safeguard information, money and property held or handled on behalf of Clients;
3.6 conduct business and organise their affairs in a prudent manner;
3.7 seek to avoid conflicts of interest, but where a conflict is unavoidable or does arise, manage it in such a way as to avoid prejudice to any party. MARINCON will not unfairly put their own interests above their duty to any Client for whom they act; and
3.8 handle complaints fairly and promptly.
Arranging the Insurance
4. MARINCON will advise Clients of the nature of their service and their relationship with them, in particular, whether they act on behalf of an Insurer or act independently on behalf of the Client as an Intermediary. We will also make it clear if we operate as an agent of another Intermediary.
5. MARINCON will, where it is reasonably practical, confirm in writing instructions to act on behalf of a Client and this will include appropriate reference to any recommendations made by MARINCON but declined by the Client.

Client requirements
6. MARINCON will take appropriate steps to understand the types of Clients they are dealing with and the extent of their Clients’ awareness of risk and General Insurance Products and take that knowledge into account in their dealings with them.
7. MARINCON will seek from Clients such information about their circumstances and objectives as might reasonably be expected to be relevant in enabling them to identify the Client’s requirements and fulfil their responsibilities to their Commercial Customers.
Information about proposed insurance
8. MARINCON will provide adequate information in a comprehensive and timely way to enable Commercial Customers to make an informed decision about the General Insurance Products or General Insurance Activity-related services being proposed.
9. If we are acting on behalf of the Client, MARINCON will explain the differences in, and the relative costs of, the types of insurance, which in the opinion of MARINCON, would suit the Client’s needs. In so doing MARINCON will take into consideration the knowledge held by their Clients when deciding to what extent it is appropriate for their Clients to have the terms and conditions of a particular insurance explained to them.
10. MARINCON will advise Clients of the key features of the insurance proposed, including the essential cover and benefits, any significant or unusual restrictions, exclusions, conditions or obligations, and the period of cover. In so doing, MARINCON will take into consideration the knowledge held by their Clients when deciding to what extent it is appropriate for Clients to have the terms and conditions of a particular insurance explained to them.
11. If MARINCON are unable to match Clients’ requirements they will explain the differences in the insurance proposed.

Advice and recommendations
12. MARINCON should only discuss with or advise Clients on matters in which they are knowledgeable and seek or recommend other specialist advice when necessary.
13. MARINCON will take reasonable steps to advise Clients if any General Insurance Products or General Insurance Activity-related services being offered or requested are not covered by this Commercial Code and any possible risks involved. In so doing, MARINCON will take into consideration the knowledge held by their Clients in deciding to what extent such advice may be necessary.

Information about costs and remuneration
14. MARINCON will provide details of the costs of each Insurance Product or Insurance Activity-related service offered.
15. MARINCON will not impose any fees or charges in addition to the premium required by the Insurer without first disclosing the amount and purpose of the charge. This will include charges for policy amendments, claims handling or cancellation.
16. MARINCON who are acting on behalf of a Client in arranging their insurance will, on request, or where they are legally obliged to do so, disclose the amount of commission and any other remuneration received for arranging the insurance.
17. MARINCON will disclose to Clients any payment they receive for providing to, or securing on behalf of, their Clients any additional General Insurance Activity-related services.

Duty of disclosure
18. MARINCON will explain to Clients their duty to disclose all circumstances material to the insurance and the consequences of any failure to make such disclosures, both before the insurance commences and during the policy.
19. MARINCON will make it clear to Clients that all answers or statements given on a proposal form, claim form, or any other material document, are the Client’s own responsibility. Clients should always be asked to check the accuracy of information provided.
20. If MARINCON believe that any disclosure of material facts by their Clients is not true, fair or complete, they will request their Clients to make the necessary true, fair or complete disclosure, and if this is not forthcoming must consider declining to continue acting on their Client’s behalf.