Administration of Policies Sample Clauses

Administration of Policies. FLIC, or its designee, shall administer and service all Policies reinsured hereunder and perform all accounting for such Policies commencing on the Effective Date of this Agreement.
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Administration of Policies. The Cedant will keep all books and records in connection with the Policies and reinsurance as would reasonably be expected of a prudent insurance company and will keep records sufficient to reasonably demonstrate the liability of the Reinsurer under this Agreement. The Cedant will administer the Policies and perform all administration, accounting and reporting for the Policies. The Cedant will perform the administration of all claims arising out of the Policies and will have the sole responsibility for the settlement of claims with its claimants. In addition to the inspection rights described in Article XVII - Inspection, the Reinsurer shall have the right to review proofs of Claim payments due or paid which the Cedant shall promptly furnished to the Reinsurer upon request.
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Administration of Policies. The Ceding Company will administer the Policies and will perform all accounting for the Policies and will keep records sufficient to reasonably demonstrate the liability of the Reinsurer under this Agreement. With respect to underwriting, claims and other administration practices for the Policies, the Ceding Company shall act (i) at its own expense (except as otherwise provided herein); (ii) in good faith and with reasonable care; (iii) consistent in all material respects with its then current practice governing the servicing of its and its affiliates’ business generally; and (iv) in accordance in all material respects with the terms of the Policies and Applicable Law.
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Administration of Policies. 10 Section 5.2. Reports.................................................................. 10 Section 5.3. Tax Treatment............................................................ 11 Section 5.4. DAC Tax Reimbursement.................................................... 11 Section 5.5. Reserves................................................................. 13 Section 5.6. Crediting Rates.......................................................... 14 Section 5.7. Third Party Reinsurance.................................................. 15 ARTICLE 6 - ERRORS..................................................................................... 16
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Administration of Policies. Pursuant to the Transition Services Agreement, Reinsured shall be responsible for the administration and service of the Policies reinsured hereunder. The parties acknowledge that Reinsured has concurrently herewith delegated effective on the date of the termination of the Transition Services Agreement such responsibilities to Reinsurer pursuant to the Administrative Services Agreement, and the parties each consent to such delegation.
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Administration of Policies. (a) The Company will have the ultimate authority for the administration of the Policies. Notwithstanding the foregoing, the Company will administer the Policies pursuant to servicing standards mutually agreed upon by the Company and the Reinsurer, and in no event shall the Company administer the Policies in any manner that is not in accordance with all Requirements of Law and with standard industry custom, except to the extent that the failure to be in accordance with such Requirements of Law and standard industry custom would not have a Material Adverse Effect.
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Administration of Policies. 3 - i - 62 TABLE OF CONTENTS (cont.)
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Administration of Policies. 4.2.1. The Broker shall be entitled to request quotes, either directly or on an online quoting platform developed by King Price;
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Related to Administration of Policies

  • Form of Policies The minimum limits of policies of insurance required of Tenant under this Lease shall in no event limit the liability of Tenant under this Lease. Such insurance shall: (i) name Landlord, and any other party it so specifies in writing to Tenant, as an additional insured with respect to the commercial general liability insurance; (ii) specifically cover the liability assumed by Tenant under this Lease, including, but not limited to, Tenant’s obligations under Section 10.1 above; (iii) be issued by an insurance company having a rating of not less than A–/VII in Best’s Insurance Guide or which is otherwise acceptable to Landlord and authorized to do business in the state in which the Project is located; (iv) be primary insurance as to all claims thereunder and provide that any insurance carried by Landlord is excess and is non-contributing with any insurance requirement of Tenant; (v) provide that said insurance shall not be canceled or coverage changed unless thirty (30) days’ prior written notice shall have been given to Landlord and any mortgagee or ground or underlying lessor of Landlord (provided Tenant will not be in default if the insurance company refuses to provide such assurance); (vi) contain a cross-liability endorsement or severability of interest clause acceptable to Landlord; and (vii) with respect to the insurance required in Sections 10.3.1, 10.3.2 and 10.3.4 above, have deductible amounts not exceeding One Hundred Thousand Dollars ($100,000.00). Tenant shall deliver certificates thereof to Landlord on or before the Lease Commencement Date and at least thirty (30) days before the expiration dates thereof. If Tenant shall fail to procure such insurance, or to deliver such certificates and endorsements, within such time periods, Landlord may, at its option, in addition to all of its other rights and remedies under this Lease, and without regard to any notice and cure periods set forth in Section 19.1, procure such policies for the account of Tenant, and the cost thereof shall be paid to Landlord as Additional Rent within thirty (30) days after delivery of bills therefor.

  • Administration of Plan The Plan is administered by a Committee appointed by the Company's Board of Directors. The Committee has the authority to construe and interpret the Plan, to make rules of general application relating to the Plan, to amend outstanding options, and to require of any person exercising this option, at the time of such exercise, the execution of any paper or the making of any representation or the giving of any commitment that the Committee shall, in its discretion, deem necessary or advisable by reason of the securities laws of the United States or any State, or the execution of any paper or the payment of any sum of money in respect of taxes or the undertaking to pay or have paid any such sum that the Committee shall in its discretion, deem necessary by reason of the Internal Revenue Code or any rule or regulation thereunder, or by reason of the tax laws of any State.

  • Administration of Agreement All approvals referenced in this Agreement must be obtained from the parties' contract administrators or their designees. All notices must be given to the parties' contract administrators respectively. The OAG's contract administrator is Xxxxxxxxx X. Xxxxxx, Chief, Bureau of Advocacy and Grants Management. The Provider’s contract administrator will be provided at the time of execution. The parties will provide each other with written notification of any change in its designated representative for this Agreement. Such changes do not require a formal written amendment to this Agreement.

  • Surrender of Policy The Trust Collateral Agent shall surrender the Policy to the Note Insurer for cancellation upon its expiration in accordance with the terms thereof.

  • Administration of Trust The Trustee shall administer the trust of the Indenture and shall perform a substantial part of its obligations relating to each series of Debt Securities and this Indenture at its corporate trust office in the City of New York.

  • Committee Administration This option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.

  • Delegation of Power (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purpose of executing any documents contemplated in Section 2.7(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; and

  • Delegation of Powers Subject to any limitations set forth in the Act, the member(s) may delegate any of its powers to officers of the Company or to committees consisting of persons who may or may not be member(s). Every officer or committee shall, in the exercise of the power so delegated, comply with any restrictions that may be imposed on them by the member(s).

  • Reinsurance Administration THE COMPANY shall perform all duties with respect to the administration of the reinsurance under this Agreement on the portion of the policies reinsured under this Agreement.

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