Page 8 - Hollard Private Portfolio - Version 3.5

6 Hollard Private Portfolio – Version 3.5 – 7 May 2024
Understanding your policy
Premium collection date The date on which you must pay the premium.
○ Monthly premiums: The date shown in your policy schedule on which we will
debit your bank account.
○ Annual premiums: The date each year on which you must pay the full annual
premium, or on which we will debit your bank account if the premium is paid
via debit order.
Renewal date The date on which we will review your policy every year, as shown in your policy schedule.
Sum insured The amount that you or your insured property is covered for, as shown in your policy
schedule.
Additional information
About your broker
Hollard has approved the broker, a financial services provider, to market and sell its products. The broker must provide
certain information about themselves as well as about the insurer (see ‘we’, ‘us’ and our’ above). The broker will maintain
your policy, communicate with you and be the contact point between yourself and Hollard for claims or policy changes.
The broker will receive commission from Hollard. The commission amount is shown in your policy schedule. We may not
cancel your policy merely by informing your broker. We must provide a notice to you as required by law.
About Hollard
Hollard is a licensed Non-life insurer and an authorised Financial Services Provider. Hollard is a public unlisted company
and has Professional Indemnity insurance and Fidelity Guarantee insurance in place. Hollard receives your premium and
is responsible for your claims. You can contact us at the below contact details:
Postal address: Hollard Head Office:
PO Box 87419 Tel: 011 351 5000
Houghton, 2041 Web: www.hollard.co.za
Physical address:
Hollard Villa Arcadia
22 Oxford Road
Parktown
2193
Compliance department: compliance@hollard.co.za
About the underwriting manager
Hollard appointed the following underwriting manager to perform certain functions on its behalf:
ITOO Special Risks
ITOO Special Risks (Pty) Ltd (ITOO) acts as an Underwriting Manager for The Hollard Insurance Company Limited and has a
signed binder agreement to this effect.
In terms of this agreement, ITOO may:
○ enter into, vary and renew policies
○ determine the premiums
○ determine policy wording
○ determine policy benefits
○ settle all valid claims.
Hollard pays ITOO a binder fee for performing the abovementioned function as well as a share in the profits of the scheme.
ITOO is an authorised Financial Services Provider (FSP), FSP number 47230, registration number 2016/281463/07. ITOO
has Professional Indemnity insurance and Fidelity Guarantee insurance in place.