Premiums and Claims. 6.1 Except where stated in 6.2, where the Broker holds:-
Premiums and Claims. 7.1 The Producer shall hold such monies as the agent of the client. The Producer has no authority under this Agreement to permit any third-party, sub-agent, or Appointed Representative (as defined in the FCA’s Handbook) to receive, hold, or pay any money on behalf of the Underwriting Agent, without the Underwriting Agent’s consent. For the benefit of clarity, the Underwriting Agent and/or insurers do not grant risk transfer to the Producer.
Premiums and Claims. 5.1 Premium due to be paid direct to the Coverholder from the client.
Premiums and Claims. 6.1 Where the Broker holds: • premium due to be paid to the Coverholder; • return premium due to be paid to the Broker’s client; or • claims monies due to be paid to the Broker’s client; or • money received by the Broker from the Coverholder for onward payment to agents of the Coverholder in respect of claims adjustment, legal and similar professional fees the Broker shall hold such monies as the agent of the Coverholder. The Broker has no authority under this Agreement to permit any third-party, sub-agent, or Appointed Representative (as defined in the UK Regulator’s Handbook) to receive, hold, or pay any money on behalf of the Coverholder, without the Coverholder’s consent.
Premiums and Claims. 6.1.1 How the GRP Group Entity will hold and manage all insurance monies under this Agreement is set out separately in the Schedule(s) attached to this Agreement for each GRP Group Entity.
Premiums and Claims. Particulars of all policies of insurance of the Company now in force have been Disclosed and such particulars are true and correct and all premiums due on such policies have been duly paid and all such policies are valid and in force. So far as the Warrantors are aware there are no circumstances which might lead to any liability under such insurance being avoided by the insurers or the premiums being increased. There is no claim outstanding under any such policies and so far as the Warrantors are aware there are no circumstances likely to give rise to a claim.
Premiums and Claims. 11.2 Particulars of all policies of insurance of the Company now in force have been Disclosed and such particulars are true and correct and all premiums due on such policies have been duly paid and all such policies are valid and in force. So far as the Seller is aware, there are no circumstances and there is no action which the Company has or has not taken in relation to a claim that would otherwise be payable under the policy which might lead to a repudiation of any such policy or to any liability under such insurance being avoided by the insurers in relation to a claim that would otherwise be payable under the policy or to the premiums being increased. There is no claim outstanding under any such policies and so far as the Seller is aware there are no circumstances likely to give rise to such a claim.
Premiums and Claims. Particulars of all policies of insurance of each Group Company now in force have been Disclosed and such particulars are true and correct and all premiums due on such policies have been duly paid and all such policies are valid and in force. So far as the Warrantors and the relevant Group Company are aware there are no circumstances and there is no action which the relevant Group Company has or has not taken in relation to a claim that would otherwise be payable under the policy which might lead to a repudiation of any such policy or to any liability under such insurance being avoided by the insurers in relation to a claim that would otherwise be payable under the policy or to the premiums being increased. There is no claim outstanding under any such policies and so far as the Warrantors are aware there are no circumstances likely to give rise to such a claim.
Premiums and Claims. Particulars of all policies of insurance of each Group Company now in force are set out in EXHIBIT E and such particulars are true and correct and all premiums due on such policies have been duly paid and so far as the Vendor is aware all such policies are valid and in force. So far as the Vendor is aware there are no circumstances which might lead to any liability under such insurance being avoided by the insurers or the premiums being increased. There is no claim outstanding under any such policies and so far as the Vendor is aware there are no circumstances likely to give rise to a claim.
Premiums and Claims. Particulars of all policies of insurance of the Company now in force have been Disclosed and such particulars are true and correct and all premiums due on such policies have been duly paid and all such policies are valid and in force. So far as the Principal Sellers are aware there are no circumstances which might lead to any liability under such insurance being avoided by the insurers or the premiums being increased. There is no claim outstanding under any such policies and so far as the Principal Sellers are aware there are no circumstances likely to give rise to a claim.
