Common use of INTERMEDIARY Clause in Contracts

INTERMEDIARY. A. Towers Xxxxxx Xxxxxxx & Xxxxxx, Inc. (“Towers Xxxxxx”) is hereby recognized as the Intermediary negotiating this Contract for all business hereunder. All communications (including but not limited to notices, statements, premium, return premium, commissions, taxes, losses, loss adjustment expense, salvages and loss settlements) relating thereto shall be transmitted to the Company or the Reinsurers through Towers Xxxxxx, Centre Square East, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx, 00000-0000. Payments by the Company to the Intermediary shall be deemed to constitute payment to the Reinsurers. Payments by the Reinsurers to the Intermediary shall be deemed to constitute payment to the Company only to the extent that such payments are actually received by the Company.

Appears in 2 contracts

Samples: Reinsurance Contract (Penn Millers Holding Corp), Penn Millers Holding Corp

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INTERMEDIARY. A. Towers Xxxxxx Xxxxxxx & Xxxxxx, Inc. (“Towers Xxxxxx”) is hereby recognized as the Intermediary negotiating this Contract for all business hereunder. All communications (including but not limited to notices, statements, premium, return premium, commissions, taxes, losses, loss adjustment expense, salvages and loss settlements) relating thereto shall be transmitted to the Company or the Reinsurers through Towers Xxxxxx, Centre Square East, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx, 00000-0000. Payments by the Company to the Intermediary shall be deemed to constitute payment to the Reinsurers. Payments by the Reinsurers to the Intermediary shall be deemed to constitute payment to the Company only to the extent that such payments are actually received by the Company.

Appears in 1 contract

Samples: Penn Millers Holding Corp

INTERMEDIARY. A. Towers Xxxxxx Xxxxxxx & Xxxxxx, Inc. (“Towers Xxxxxx”) is hereby recognized as the Intermediary negotiating this Contract for all business hereunder. All communications (including but not limited to notices, statements, premium, return premium, commissions, taxes, losses, loss adjustment expenseLoss Adjustment Expense, salvages and loss settlements) relating thereto shall be transmitted to the Company or the Reinsurers through Towers Xxxxxx, Centre Square East, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx, 00000-0000. Payments by the Company to the Intermediary shall be deemed to constitute payment to the Reinsurers. Payments by the Reinsurers to the Intermediary shall be deemed to constitute payment to the Company only to the extent that such payments are actually received by the Company.

Appears in 1 contract

Samples: Casualty Excess of Loss Reinsurance Contract Effective (Penn Millers Holding Corp)

INTERMEDIARY. A. Towers Xxxxxx Xxxxxxx & Xxxxxx, Inc. (“Towers Xxxxxx”) is hereby recognized as the Intermediary negotiating this Contract for all business hereunder. All communications (including but not limited to notices, statements, premium, return premium, commissions, taxes, losses, loss adjustment expense, salvages and loss settlements) relating thereto shall be transmitted to the Company Reinsured or the Reinsurers Reinsurer through Towers Xxxxxx, Centre Square East, 0000 Xxxxxx Xxxxxx, XxxxxxxxxxxxXxxxxx Xxxxxx Xxxx, Xxxxxxxxxxxx, XX 00000-0000. Payments by the Company Reinsured to the Intermediary shall be deemed to constitute payment to the ReinsurersReinsurer. Payments by the Reinsurers Reinsurer to the Intermediary shall be deemed to constitute payment to the Company Reinsured only to the extent that such payments are actually received by the Company.Reinsured. Towers Xxxxxx No. G26004.08

Appears in 1 contract

Samples: Philadelphia Consolidated Holding Corp

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INTERMEDIARY. A. Towers Xxxxxx Pxxxxx Xxxxxxx & XxxxxxCxxxxx, Inc. (“Towers Xxxxxx”) is hereby recognized as the Intermediary negotiating this Contract for all business hereunder. All communications (including but not limited to notices, statements, premium, return premium, commissions, taxes, losses, loss adjustment expense, salvages and loss settlements) relating thereto shall be transmitted to the Company Reinsured or the Reinsurers Reinsurer through Towers XxxxxxPxxxxx, Centre Square East, 0000 1000 Xxxxxx Xxxxxx, XxxxxxxxxxxxXxxxxx Xxxxxx Xxxx, Xxxxxxxxxxxx, XX 00000-0000. Payments by the Company Reinsured to the Intermediary shall be deemed to constitute payment to the ReinsurersReinsurer. Payments by the Reinsurers Reinsurer to the Intermediary shall be deemed to constitute payment to the Company Reinsured only to the extent that such payments are actually received by the CompanyReinsured.

Appears in 1 contract

Samples: Philadelphia Consolidated Holding Corp

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