Hi, I’m Dylin Raza!
I'm an Insurance designer
MY DISCLOSURE STATEMENT
Nature and Scope of the AdviceI will only provide you with financial advice from a wide range of New Zealand based and overseas providers: • General Insurance
When providing you with financial advice I will consider:(a) insurance products that you currently have; (b) insurance products that you don’t have;(c) your budget and/or financial position; (d) your identified or stated insurance needs(e) Suitability of the products for you.
If I recommend changing any insurance products you currently have, I will notify you of the important differences and benefits between them. I may help identify or narrow down your choices, or suggest what you could do. However, the final choice is yours. If you need more specialist help, or advice about a product I can't cover, I can refer you.
Reliability HistoryNeither iNSNET nor I have been subject to a reliability event. A reliability event is something that might materially influence you in deciding whether to seek advice from me or from iNSNET. As an example, it would include legal proceedings against me, or if I had been discharged from bankruptcy in the last four years.
Fees and ExpensesWe earn our income from either a fee or commissions earned from providers or a combination of both. The fee will be based on the amount of work and time required to provide and implement our advice and will be shown on your invoice. CommissionInsurance and Mortgage Network will receive a commission between:For Premium Funding .05% to 1% of the value of the fundingFor Fire & General Insurance .5% to 35%
For Insurance products, a trial commission is between .5% to 15%.
If we arrange insurance for you and you, cancel it partway through the insurance period, we may keep some or all of that fee from any refund due to you by the provider. We may charge a fee for making adjustments to your insurance during the insurance period. This fee will show on your invoice. While I am unable to provide you with an estimate of the fee at this time, I will confirm this with you in my recommendation.The fee will be shown separately on (but incorporated into) the final invoice to be payable by you within 14 days of being invoiced, or paid via a Premium Funding company’s monthly installments if arranged. Sometimes other fees are charged that do not relate to my financial advice such as credit card fees. If so, I will confirm this with you in my recommendation. A breakdown of the fees will be provided in the final Disclosure information that accompanies your invoice.
Conflicts of Interest and IncentivesWhen we arrange insurance for you, the provider(s) may pay iNSNET a commission. . The amount of the commission varies between providers and products and is based on a percentage of the Company Premium and Natural Disaster premium (if applicable). The commission for Fire and general Insurance is appx 5% to 15% of the companies’ premiums. I don't get paid an incentive if you take a product I recommend. However, a portion of my Salary is determined by the performance of Insurance Network and/or my team and by the quality of my work. I will disclose the exact amounts when I know what insurance products and providers I am recommending.
Duties InformationiNSNET and anyone who gives financial advice on their behalf have duties under the Financial Markets Conduct Act 2013 relating to the way that we give advice. We are required to:• give priority to your interests by taking all reasonable steps to make sure our advice isn’t materially influenced by our own interests; • exercise care, diligence, and skill in providing you with advice;• meet standards of competence, knowledge, and skill as set by the Code of Professional Conduct for Financial Advice Services. These are designed to make sure that we have the expertise needed to provide you with advice.• meet standards of ethical behaviour, conduct, and client care set by the Code of Professional Conduct for Financial Advice Services. These are designed to make sure we treat you as we should and give you suitable advice. This is only a summary of the duties that we have. More information is available by contacting us, or by visiting the FMA website here. https://www.fma.govt.nz/
I checked your understanding of my adviceI asked, and you confirmed you understood the information I had given you.
Where to get more informationIf you have a question about anything in this disclosure statement or want to talk to one of our team at iNSNET, please call 0800 868 486.
Complaints ProcessI have to meet strict legal duties when providing financial advice, our website has information about these duties. If needed, our website has information about our internal complaints process, how to make a complaint, and our free, independent dispute resolution scheme. Please refer to our Internal Complaints Process which can be found here.https://insurancenetwork.co.nz/complaintspolicy/