Money. Unless stipulated otherwise, all references herein or in any of the Loan Documents to "Dollars," "$," "money," "payments" or other similar financial or monetary terms are references to lawful money of the United States of America.
Money. We will hold money that you pay to us in accordance with the regulators rules or under a risk transfer agreement with insurers. This will include holding your money in one of the following ways. A statutory trust client bank account that only allows us to use the money held in trust on behalf of a customer for paying that customer’s premium to an insurance company and to pay premium refunds or claims we receive form that insurance company to the customer, once the premium has been received from that insurance company. We cannot use that customer’s money to pay another customer’s premium or refund. Also for this reason it is not possible for you to offset the refund against premiums owed on another policy. We do not pay any interest on premiums held by us in the course of arranging and administering your insurance unless, in the case of consumer transactions we receive more than £20 per transaction, and then we will ask for your permission to retain the interest. Unless you tell us otherwise, you are consenting to us holding you money in this way. A non-statutory trust insurer bank account in accordance with our agreements with Insurance Companies that transfer the risk of money we receive from customers to them, these agreements deem any money you pay to us, to be received by them and they will bear the risk of any losses in the event that our firm becomes insolvent. This includes claims money or premium refunds we receive prior to being paid to you. By holding your money in one of these ways means that in the event that this firm becomes insolvent your money remains protected. In arranging your insurance we may employ the services of other intermediaries who are regulated by the FCA and your premium may be passed to these intermediaries for payment to insurers. These firms are also required to hold clients’ money in a separate trust account. We will also inform you if at any time we are required to pass your premium to firms that operate outside the UK where the protection may be different. Should you not wish us to pass premiums to a firm outside of the UK, please inform us. Payment Options We will provide you will full details of all the payment options available to you when we provide you with your insurance premium. If you choose to enter into a finance arrangement, your details will be passed to a third party (insurer or lender) to enable them to contact you and you should contact us at the address given in this document if you do not want your detai...
Money. All fees shall be paid to DTLA or to its order in United States dollars by wire transfer or such other means as DTLA may reasonably specify. If Adopter is required by law to make any withholding from fees due to DTLA, it may make such withholding but shall provide DTLA, at the time of payment, with evidence of such withholding adequate to permit DTLA or its assignee to claim relevant tax credits under applicable treaties.
Money. We will hold money that you pay to us in accordance with the regulators rules or under a risk transfer agreement with insurers. This will include holding your money in the following way: A statutory trust client bank account that only allows us to use the money held in trust on behalf of a client for paying that client’s premium to an insurance company and to pay premium refunds or claims we receive from the insurance company to the client, once the premium has been received from that insurance company. We cannot use that client’s money to pay another clients premium or refund. We do not pay an interest on premiums held by us in the course of arranging and administering your insurance. Unless you tell us otherwise you are consenting to us holding your money in this way. By holding your money in this way means that in the event that we become insolvent your money remains protected.