A forbearance agreement between two motor insurers that in the event of an accident involving their respective insureds each would carry its own loss in terms of accidental damage repairs regardless of liability. The agreement has been replaced by the memorandum of understanding.

FSA’s COB Rule 5.2 requires a firm to take all reasonable steps to elicit the personal and financial information needed to enable them to discharge their services properly from the client’s perspective. See FACT FINDING.