Non-Approved Servicer Clause Samples
Non-Approved Servicer. Any Claim occurring when, at time of Default or thereafter, the Servicer is not approved in writing by the Company.
Non-Approved Servicer. Any Claim arising from a Loan for which the Servicer, at time of Default or thereafter, is not approved by the Company as described in Section 3.4; provided that this exclusion shall not apply if the Company has notified the Insured in writing under Section 3.4(b) that a Servicer is no longer approved and if within ninety (90) days thereafter the Insured completed a transfer of servicing to a new Servicer approved by the Company.