The guide will provide only a few “tips” for insurers, and insurers will continue to be required to apply their own judgment in interpreting the rules. The information letter also provides: The majority of amendments to the Short-Term Insurance Act relate to the circumstances in which an insurer may enter into a record contract, the respective rights and obligations of the insurer and the binder holder, and the remuneration that may be paid to the steward. As with any other business model, there will always be risks, but underwriting managers will persist as long as they align their strategies with the insurer, which inevitably puts the customer at the center of their business. An underwriting manager is always the insurer`s agent. By being only the insurer`s agent, he avoids any conflict of interest because he cannot market and sell directly to consumers. What is a case agreement? Binder Agreement means an agreement where by which a registered insurer permits a third party to comply with one or more of the following conditions on behalf of that insurer, (a) to enter into, amend or renew a short- or long-term policy that is not a reinsurance policy; (b) define the text of the policy in the short or long term; (c) determine the premiums for a short- or long-term policy; (d) determine the value of insurance benefits under a short- or long-term policy; (e) the settlement of claims under a short- or long-term policy. . . .