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CL-1.1.7

Client moneyG must, upon receipt, be paid into a specifically designated client money accountG no later than the immediate business day after receipt. The monies in this account must form part of the fiduciary assetsG of the insurance brokerG or appointed representativeG and must be held in custody for the client, where the insurance brokerG or appointed representativeG acts as an agent with the client retaining full legal ownership of the funds.

April 2012
 Versions
(1 Version)
 
Apr 1 2012 onwards
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