Common use of Business Process Clause in Contracts

Business Process. 5.1 The Intermediary will quote on the quoting engine and if a client accepts, the lead shall be sent directly to Oakhurst. 5.2 Once the lead is received, Oakhurst will underwrite the client. 5.3 Oakhurst will provide feedback regarding underwriting status to the Intermediary via a dedicated feedback e-mail address (as created by the Intermediary). 5.4 Once a policy has been signed-up, ▇▇▇▇▇▇▇▇ will attend to the administration where after the policy schedule will be automatically e-mailed to the Intermediary via the dedicated e-mail address as provided by the Intermediary and referred to in 5.3 above. 5.5 The Intermediary hereby agrees that it will have read-only access to the policy schedule and as such no changes may be effected by the Intermediary.

Business Process. 5.1 The Intermediary will quote on the quoting engine and if a client accepts, the lead shall be sent directly to Oakhurst. 5.2 Once the lead is received, Oakhurst will underwrite the client. 5.3 Oakhurst will provide feedback regarding underwriting status to the Intermediary via a dedicated feedback e-mail address (as created by the Intermediary). 5.4 Once a policy has been signed-up, ▇▇▇▇▇▇▇▇ Oakhurst will attend to the administration where after the policy schedule will be automatically e-mailed to the Intermediary via the dedicated e-mail address as provided by the Intermediary and referred to in 5.3 above. 5.5 The Intermediary hereby agrees that it will have read-only access to the policy schedule and as such no changes may be effected by the Intermediary.