Premiums and Financial Aspects
For certain types of insurance we may ask you to sign a form granting us authority to retain documents such as Motor Certificates until full payment has been received.  In these circumstances we will provide you with any documents that you are required to have by law. 

We can accept payment by the following methods:-
Cash or Guaranteed Cheque made payable to ‘Steadfast Insurance Brokers Ltd’
Credit/ Debit Card – If payment is made by credit card a processing fee of 2% per transaction is made.  No Charge is made for payments by debit card.
Instalments - 2 Payments – 50% Deposit followed by balance payable within 30 days.  Availability is subject to status.
Monthly Payments by Direct Debit - Many annual policies can be paid for by direct debit either via the Insurance Companies Instalment Arrangement or our own Third Party Finance Provider. For full details of the terms and conditions and interest charges, please ask. Availability is subject to status. A deposit may be required. Quotations given on request. If you choose to pay by direct debit, you will be provided with a Consumer Credit Agreement to sign and return to us. This agreement will set out your direct debit payments.

Client Money General
The FSA rules are designed to protect you in the event that an insurance intermediary fails or is unable to transfer:
• Any premium money it has received from you to the insurer; or
• Any claims or return premium monies that it has received from the insurer to you.
We are governed by the strict rules pertaining to Client Money set down by the FSA. Where we hold monies in a client bank account we may earn interest on monies held, which will be retained by us.
We act as agents for the insurer for the collection of premiums and payments of claims and refund of premiums. This means that premiums are treated as being received by the insurer when received in our bank account and that any claims money or premium refund is treated as received by you when it is actually paid over to you. There are occasions where such transactions are restricted (for example, to receiving premiums only) and we will tell you if this is the case.
We will hold client money separate from our own money with an approved bank, segregated in a client bank account, designated as subject to a Non-Statutory Trust. Under a Non-Statutory Trust we are entitled to use client money to make advances of credit, for example to pay another client's premium before the premium has been received from the other client, and to pay claims and premium refunds to a client before such monies have been received from the insurer. We act as Trustees of our clients' monies and must meet certain legal and regulatory conditions.
Under the terms of our client bank account, which has been set up in accordance with strict rules laid down by the Financial Services Authority, we are required to inform you that we may use your individual premium to settle premiums due, under other policies (including those payable by other clients).
We may transfer client money to another person such as another broker or settlement agent for the purpose of effecting a transaction on your behalf through that person. We do however still remain responsible to you in respect of your money.

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