Common use of INTERMEDIARY Clause in Contracts

INTERMEDIARY. Guy Xxxxxxxxx & Xompany, Inc. is hereby recognized as the Intermediary negotiating this Agreement 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 Reinsurer through Guy Xxxxxxxxx & Xompany, Inc., 180 Xxxxxx Xxxx, Xxx Xxxx, Xxx Xxxx 00000-0000. Xxyments by the Company to the Intermediary shall be deemed to constitute payment to the Reinsurer. Payments by the Reinsurer 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 7 contracts

Samples: Loss Reinsurance Agreement (Scpie Holdings Inc), Loss Reinsurance Agreement (Scpie Holdings Inc), Loss Reinsurance Agreement (Scpie Holdings Inc)

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