How long will it take to set up my agency?

The amount of time it takes to set up an agency can vary greatly, and is dependent on how quickly we receive the relevant documents for your application (please refer to the list below to make sure you have included all documents in your application). We will consider your application on receipt of all completed documents. If you have been granted an agency, we will send you a Terms of Business Agreement (TOBA). When you have signed and returned your TOBA, you will have a live agency and can begin trading with AXA.

Why do you ask for Agency Guarantees?

The guarantee provides AXA with security in return for granting credit facilities to limited liability companies. The guarantee would normally only be used to recover a debt that remains unpaid when the company enters administration or insolvency, or following termination of our TOBA. In this case, the Agency Guarantee identifies the individual signatories as responsible for any outstanding debt. It is AXA’s policy to request Agency Guarantees for all limited companies.

What is the difference between a Sub‑Agent and an Introducing Agent?

The difference between these two is the function they perform for you. An Introducing Agent provides a contact link between the broker and the client, but is not responsible for refunds or premium collection. This arrangement is covered under our Standard TOBA.

Sub‑Agents perform a similar role, but are typically also responsible for premium collection. Under these circumstances, AXA does grant risk transfer to these Sub‑Agents, but this requires an ‘Intermediate TOBA’. In this case, you must send AXA the details of all intermediaries with whom you have a Sub‑Agency Agreement.

What do I need to include in my application?

• Agency application form
• A copy of your Professional Indemnity certificate
• Letter from your bank to confirm banking arrangements
• Copies of your latest set of financial statements
• Agency guarantee form (limited companies only)