Policy Data Sample Clauses
The 'Policy Data' clause defines the specific information and details that form the basis of an insurance policy. This typically includes items such as the names of the insured parties, coverage limits, policy period, and any endorsements or special terms. By clearly outlining these key data points, the clause ensures that both the insurer and the insured have a mutual understanding of the policy's scope and terms, thereby reducing the risk of disputes and ensuring clarity in the administration of the policy.
Policy Data. Within six (6) months of the date hereof, the Ceding Company shall provide to the Reinsurer a schedule containing a list of Policies with Original Initial Level Premium Periods ending on or after January 1, 2017.
Policy Data. Insurer shall provide, update and maintain the data pertaining to any of its insurance policies and products for which the Site is used, and ascertain that the census and policy number match the relevant case.
Policy Data. Prior to consummation of a SPAC Transaction, promptly, and in any event no later than 45 days after the last day of each fiscal quarter, with respect to MGA (in the case of the MGA solely to the extent provided to the MGA or otherwise reasonably available to the MGA) and the Exchange (including AIF), anonymized seriatim data from the Loan Parties’ agency administration system or policy administration system (as applicable), including, but not limited to, the following to the extent reasonably available: (i) policy transaction bordereaux that details all insurance transactions, including new business policies written, endorsements, cancellations, reinstatements, and policy corrections, including all premium, fee, and surplus contribution adjustments associated with such transactions, (ii) all claims data, including, but not limited to, claim amounts, loss dates, claim open and close dates, any claim reopen dates, loss incurred, loss paid, any salvage or subrogation recoverables, causes of loss, and catastrophe codes, (iii) comprehensive policy in force report detailing coverage amounts, policy, building and risk characteristics, in force premiums, policy status, and earned and unearned premiums for each policy, (iv) a ledger including the payment collected breakdown into MGA/program administrator commissions, claim fee, funds remitted to state, taxes, and fees; and (v) any other data or information reasonably related to the foregoing as requested by Agent (provided that notwithstanding anything herein to the contrary, the obligation of Loan Parties to provide the foregoing or other data or information required to be provided pursuant to the terms of this Agreement are subject to compliance with third party data contracts, and other applicable contractual obligations and law relating to the protection of customer personally identifiable information and privacy protections);
Policy Data. The Insurance Company, Policy number, initial amount of death benefit, and such other Policy data as may be necessary or advisable to properly identify the Policy and benefits thereunder shall be recorded on Schedule "B" attached hereto.
Policy Data. The Insurance Company, Policy number, initial amount of death benefit, and such other Policy data as may be necessary or advisable to properly identify the Policy and benefits thereunder shall be recorded on Schedule "B" attached hereto. ARTICLE IV PREMIUM/BONUS PAYMENTS 4.1 Executive Premiums. The Executive shall make five (5) annual premium payments ("Executive's Premiums") each in an amount equal to $42,079 individually and $210,395 in the aggregate.
Policy Data. The Company possesses and will possess at the Closing all Policy Data relating to all insurance policies (i) issued by the Company, (ii) reinsured by the Company on the date of this Agreement and at the Closing, (iii) to be reinsured the Company under all Continuing State Agreements and all Additional State Agreements to be delivered at the Closing and (iv) to be reinsured by Millers under the Millers Agreement (collectively, "Policies"). "Policy Data" shall mean all insurance policyholder lists and all other records, documents, data and information (in whatever form or medium maintained), including copies thereof, which pertain to the Policies and which may be reasonably necessary for the administration and servicing of the Policies, including, but not limited to, all records, files and computer tapes pertaining to policyholders, claims, losses and expenses, sales, premiums, reserve runs and reserve factors, financial matters, complaint records, applications, Policies, lapsed policies for all periods commencing after December 31, 1993 and, if so requested by Purchaser, for any period during the five years ended December 31, 1993, original authorizations for preauthorized check or electronic fund transfers for premium payments, reinsurance records, records relating to regulatory matters, agent files and contracts and all toll-free telephone numbers currently used in connection with the servicing of the Policies. Seller has provided to Purchaser copies of all underwriting guidelines and other information used or provided by the Company or the Agents in connection with the issuance of the Policies.