DMS Agent terms
Since 1996 DMS has always been an ASU provider to Independent Intermediaries and Mortgage Advisers. We do not advise on the suitability of our products for Clients. Our policy is to recommend that Clients seek advice on the suitability of our products from an Independent Financial Adviser, if they are not already in touch with an IFA we will upon request supply them with the details of the nearest IFA with whom we have Agency terms.
DMS will provide Agency facilities to any individual or firm directly authorised by the FSA to transact non investment insurance business. DMS will provide this facility to any Appointed Representative, are long as their network principal agrees to this, and accepts compliance responsibility for them.
As far as Intermediaries are concerned, our operation is totally paperless. Applications and Direct Debits are completed and submitted online. If Clients initially receive a hard copy. If they are happy to receive `future communications via e-mail, DMS guarantees to supply them with hard copy of their complete file at any time upon request. Intermediaries may have the complete file e-mailed to them at any time.
Your Clients will be on cover within the hour, and you can discuss with the Underwriter any particular case before it goes ahead. Acceptance and Direct Debit letters together with a copy of the Certificate of Insurance will be e-mailed to you. Hard copy of these, together with the DMS Welcome Pack will be sent to your Client overnight via al mail first class post.
If you need to send paperwork to your Client for completion, two routes are available to you. You may download a Data Capture form from this website, send it to your Client for completion, and upon return submit it to us online. Alternatively, if you have sufficient information to hand, you can complete an urgent quote request on the website. This request the minimum amount of information we need in order to e-mail to you I return pre-populated Illustration Application and Direct Debit.
Unlike some ASU providers DMS underwrites every case is individually at inception. If for any reason we are not prepared to offer precisely standard terms to your Client, we will issue an Advice Note to you notifying the terms that we are prepared to offer, and confirming to you that we await instructions before going ahead.
DMS products are provided at three different sets of premium rates, each validating different levels of commission. You choose which is best for you.
EXAMPLE- mortgage payment protection, ASU back to day one cover
| Premium rate | Commission bands |
| per £100 monthly benefit | Paid Monthly |
| £3.75 | 20% to 25% |
| £3.95 | 25% to 30% |
| £4.95 | 30% to 35% |
If you require indemnified commissions, please put a proposition to us.