Common use of CLAIM SETTLEMENT Clause in Contracts

CLAIM SETTLEMENT. Where the Services to be provided relate to the administration of life insurance policies and annuity contracts, then subject to the terms, conditions and limitations of this Agreement, and pursuant to claim settlement policies utilized by Company, and subject to Company's right to review at any time the procedures followed by Provider in implementing said settlement policies, Provider shall be authorized to pay, compromise, or settle any claim or other cause of action arising from such administration of life insurance policies and annuity contracts.