Policy Administration. The Company shall provide all required, necessary and appropriate claims, administrative and other services with respect to the Policies. The Company shall use reasonable care in its administration and claims practices with respect to the Policies and in administering and performing its duties under this Agreement and such practices, administration and performance shall (a) conform with Applicable Law; (b) not be fraudulent; and (c) be no less favorable than those used by the Company with respect to other policies of the Company not reinsured by the Reinsurer.
Policy Administration. The Cedent shall administer the Policies and shall perform all accounting for such Policies. Claim settlements made by the Cedent in good faith, including compromises, shall be unconditionally binding on the Reinsurer.
Policy Administration. The Broker must aide in the fulfillment of all obligations to the Department and its Named Insureds as provided for under the policy that results from this ITB, hereby incorporated by reference. The Broker will, at a minimum: communicate with the Insurer on all changes to the policy requested by the Department; provide endorsements for changes to the policy schedule; forward premium payments to the Insurer, as appropriate; and assist in the filing of claims and claim settlement refunds. Any failure by the Broker to provide policy administration to the Department will constitute a breach of contract.
Policy Administration. Prepare, in accordance with Section 5, and deliver and maintain contracts and policies. Obtain clients' acceptance of contracts and policies. Maintain originals of all contracts and policies. Provide customer service in relation to all contracts and policies. Prepare and issue reports required by state and federal law.
Policy Administration. To the extent that such transfers have not already taken place pursuant to the terms and conditions of the Coinsurance Agreement, the Company agrees to cooperate fully with the Reinsurer in the transfer of all books, records, papers or any other documents relating to such Novated Polices.
Policy Administration. The Ceding Company shall provide all required, necessary and appropriate claims, administrative and other services, including reporting under Article VII, with respect to the Reinsured Policies and the Accounts. The Ceding Company shall conduct its administration and claims practices with respect to the Reinsured Policies (a) with a level of skill, diligence and expertise that would reasonably be expected from experienced and qualified personnel performing such duties in similar circumstances, (b) in accordance with applicable Law and the terms of the Reinsured Policies, and (c) in a manner no less favorable to the Reinsurer and the Reinsured Policies than those used by the Ceding Company with respect to other policies of the Ceding Company not reinsured by the Reinsurer hereunder or other xxxxxx of the Ceding Company. The Ceding Company shall not outsource any administrative functions or claims administration to a non-affiliate with respect to the Reinsured Policies or this Agreement without the prior written consent of the Reinsurer, such consent not to be unreasonably withheld. If the Reinsurer consents to any outsourcing of any administrative functions or claims administration with respect to the Reinsured Policies or this Agreement, the Ceding Company shall secure the Reinsurer’s right to audit and inspect the party performing such outsourced services.
Policy Administration. IMS shall administer Customer's WYO Flood Program policies ("WYO Policies") performing the services listed hereunder in accordance with the NFIP, as amended, and all implementing regulations as well as Customer's Write Your-Own Arrangement ("Arrangement") with FEMA. The same standards by which Customer is bound shall be those by which IMS is bound to Customer.
Policy Administration. 1. The policyholder undertakes that he/she will advise all eligible employees immediately if any reason this agreement should not be renewed or this agreement should be terminated in accordance with the provision of Article 23 above so that such eligible employees are made aware that all cover has ceased and that benefits will not be payable in respect of eligible employees or family members.
Policy Administration. For all policies that Vendor serves as Agent of Record, Vendor shall assist with all billing, invoicing, policy endorsements, and claims filing. Within three (3) business days of Citizens’ request, Vendor shall provide Citizens with a written schedule detailing all of Citizens’ policies in force, the corresponding coverage amounts, deductibles, premiums paid, and claims incurred, (“Schedule of Policies in Effect”). Within three (3) business days of Citizens’ request, Vendor shall provide a detailed report of all losses incurred by Citizens by policy type, (a “Loss Run Report”). Vendor shall assist with initiating and filing a claim with all appropriate insurers promptly after such loss is reported to Vendor by Citizens. Vendor shall use its best efforts to assist Citizens’ Contract Manager to fully investigate the claim and to develop documentation of the cost impact of the claim. As requested by Citizens’ Contract Manager, Vendor shall continue to assist in the presentation to, investigation by, and settlement of the claim with any insurers.
Policy Administration. The Ceding Company shall administer the Policies --------------------- and shall perform all accounting for such Policies. Claim settlements made by the Ceding Company in good faith, including compromises, shall be unconditionally binding on the Reinsurer.
