Common use of Premiums and Claims Clause in Contracts

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. 7.1 The Producer shall hold such monies as the agent of the clientclient unless specified otherwise under Home State laws and regulations. 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 AgentManager, without the Underwriting AgentManager’s consent. For the benefit of clarity, the Underwriting Agent Manager and/or insurers do not grant risk transfer to the Producer.

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 onbehalfof the Underwriting AgentManager, without the Underwriting AgentManager’s consent. For the benefit of clarity, the Underwriting Agent Manager and/or insurers do not grant risk transfer to the Producer.

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 UnderwriĚng Agent, without the Underwriting UnderwriĚng 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. 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 behalfof 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. 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 AgentManager, without the Underwriting AgentManager’s consent. For the benefit of clarity, the Underwriting Agent Manager and/or insurers do not grant risk transfer to the Producer.