PROCESSING BUSINESS Clause Samples

PROCESSING BUSINESS. 7.1 You must ensure that the client who wishes to obtain insurance cover receives information concerning our policies in accordance with the requirements of the Financial Services Authority. 7.2 You will present information and proposals relating to any insurance cover requested in the form specified by us from time to time. Any further information required by us in order to confirm the acceptance of the risk will be promptly sought and supplied by you. 7.3 We will issue a Statement of Fact upon which the insurance cover provided is based. This should be checked by the Proposer, to endorse that all the information given is correct and no information that might be relevant has been withheld. Should the Proposer communicate any change to material facts shown on the Statement of Fact you must advise us immediately and an updated Statement will be issued. 7.4 You must ensure that you advise us immediately on the date of commencement/cancellation of cover and that all relevant details of motor insurance are sent to us within five days of the date of commencement/cancellation of cover owing to the requirements of the Motor Insurance Information Centre (MIIC) arising from the European Fourth Motor Insurance Directive. 7.5 You will pass to us promptly any material information notified to you by the insured client in accordance with the terms of the insurance contract. You remain, for this purpose, the agent of the insured client and notification to you will not be deemed notification to us. 7.6 Where it is not possible for all relevant details of the insurance to be obtained within five days of the date of commencement of the insurance cover, you shall request from the insured client a provisional premium representing an approximation of the full annual premium to be levied. The provisional premium must be paid by you within your agreed terms of credit. 7.7 Any provisional premium so collected shall be dealt with in the same way as other premiums under this Agreement. When the final premium has been calculated this will be adjusted and settled in accordance with section 9. 7.8 If there is a dispute as to the premium rate quoted, you will discuss the matter with us in good faith with a view to agreeing the premium to be charged. All premiums must be settled under the terms of credit specified under section 9. 7.9 You will release promptly all necessary policy documentation to ensure that each insured client is in full compliance with legal requirements, even though...
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PROCESSING BUSINESS. 7.1 The Intermediary must ensure that the Customer who wishes to obtain insurance cover receives information concerning ▇▇▇▇▇’▇ policies in accordance with the requirements of the Financial Conduct Authority. 7.2 In the event of the Customer cancelling the policy within the fourteen days cooling off period ▇▇▇▇▇ will make no charge to the Customer for the cover provided up to the point of cancellation. 7.3 The Intermediary will pass to ▇▇▇▇▇ promptly any material information notified by the insured Customer in accordance with the terms of the insurance contract. The Intermediary remains, for this purpose, the agent of the insured Customer and notifications received by the Intermediary will not be deemed notification to ▇▇▇▇▇.
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Related to PROCESSING BUSINESS

  • Doing Business All parties which have had any interest in the Mortgage Loan, whether as mortgagee, assignee, pledgee or otherwise, are (or, during the period in which they held and disposed of such interest, were) (1) in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located, and (2) either (i) organized under the laws of such state, or (ii) qualified to do business in such state, or (iii) a federal savings and loan association, a savings bank or a national bank having a principal office in such state, or (3) not doing business in such state;

  • Processing operations The personal data transferred will be subject to the following basic processing activities (please specify):

  • Competing Business “Competing Business” means any depository, wealth management or trust business company or holding company thereof (including without limitation, any start-up bank or bank in formation) operating anywhere within the Covered Area.

  • The Business The parties acknowledge that the Company is engaged in the development, marketing and sale of certain proprietary technologies, processes and related products in the areas of chemical detection, technical processes, and technical/business services, and that the Company may also from time to time become or may intend to become engaged in other business endeavors (individually and collectively, the "BUSINESS"). The Company shall be deemed to intend to become engaged in a business endeavor if it has devoted or expended any significant resources, either financial or human resources, towards the proposed endeavor, either in planning or implementing the undertaking of such planned endeavor.

  • Related Services Licensee shall be responsible for obtaining and installing all proper hardware and support software (including operating systems) and for proper installation and implementation of and training concerning the Licensed Software. In the event that Licensee retains Licensor to perform any services with respect to the Licensed Software (for example: installation, implementation, maintenance, consulting and/or training services), Licensee and Licensor agree that such services shall be subject to Licensor’s then current standard terms, conditions and rates for such services unless otherwise agreed in writing by Licensor.