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market service agreement


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01:04 Jul 25, 2011
English to Indonesian translations [PRO]
Bus/Financial - Insurance / urusan ganti rugi
English term or phrase: market service agreement
Kalimatnya sbb:

The broker said it would permanently drop contingent commissions -- as it calls "market services agreement".

Apakah benar bila saya katakan "market services agreement" kesepakatan pelayanan pasar?
Meidy Maringka
Indonesia
Local time: 04:35


Summary of answers provided
4Kesepakatan layanan yang berlaku di pasar
Eddy Wong
4perjanjian jasa penempatan asuransi
Catherine Muir


Discussion entries: 4





  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
perjanjian jasa penempatan asuransi


Explanation:
See http://www.irmi.com/online/insurance-glossary/terms/m/market...
Placement Service Agreement (PSA)
Also called a Market Service Agreement (MSA), this is an agreement between an insurance intermediary and an insurer that includes a type of contingent commission program based predominately on the volume of business placed with an insurer with little or no relation to the profitability of the business placed with the insurer. This type of payment is considered to present a greater conflict of interest for the insurance intermediary in representing the interests of the policyholder and was the type of agreement that the New York Attorney General focused on during his attack on contingent commission practices in 2003–2005. This approach is viewed quite unfavorably by the risk management and insurance community and is rarely if ever used today, at least by the largest with the larger firms.

Example sentence(s):
  • Jasa penempatan asuransi, melakukan seleksi atas perusahaan-perusahaan asuransi yang dirasa mempunyai kemampuan teknis dan keuangan yang cukup untuk menjamin resiko nasabahnya
  • Kami memberikan layanan untuk : Analisa Resiko, Loss Prevention & Risks Management, Penempatan Asuransi

    Reference: http://www.bib-insbrokers.com/bib1/index.php?option=com_cont...
    Reference: http://www.irmi.com/online/insurance-glossary/terms/p/placem...
Catherine Muir
Australia
Local time: 07:35
Native speaker of: Native in EnglishEnglish
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2 days6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Kesepakatan layanan yang berlaku di pasar


Explanation:
IMO ini target term yang paling mendekati, netral dan mudah dipahami.

Example sentence(s):
  • Apart from the formally agreed cooperation agreement, both parties must also be aware that a market service agreement, if any is to be observed in certain transaction.
Eddy Wong
China
Local time: 05:35
Native speaker of: Indonesian
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