Insurance outsourcing clauses
Produced in partnership with Alistair Mitton and Imogen Armstrong of Womble Bond Dickinson
Last updated on 26/02/2020

The following TMT precedent produced in partnership with Alistair Mitton and Imogen Armstrong of Womble Bond Dickinson provides comprehensive and up to date legal information covering:

  • Insurance outsourcing clauses

Insurance outsourcing clauses

These clauses are for use in relation to Precedent: Outsourcing agreement—long form when used in relation to the outsourcing of services by a regulated insurance firm.

Please see the drafting notes for specific instructions and further guidance.

1 Definitions

1.1 In this Agreement, unless the context otherwise requires, capitalised terms shall have the meanings set out below.

Confidential Information

  1. any information which is marked as being confidential or which may reasonably be regarded as confidential, together with all information obtained from the party making the disclosure (including, in the case of the Customer, its Affiliates) that relates to the business, affairs, products, trade secrets, technology, know-how, methodology of supply, developments, finances, employees, customers, policy holders, beneficiaries (where relevant), suppliers or any other contracting parties of or relating to either party, including the subject matter of this Agreement and any Material;

EIOPA

  1. means the European Insurance and Occupational Pensions Authority or such other preceding or replacement regulatory body having similar powers during the Term;

FCA

  1. means the Financial Conduct Authority or such other or replacement regulatory body having similar powers as the Customer may be subject to during the Term;

Law

  1. means:

    1. (a)

      any law, statute, regulation, byelaw or subordinate legislation in force from time to time to which a party is subject and/or in any jurisdiction that the Services are provided to or in respect of, including the regulatory requirements

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