Common use of Purpose of FHCF Examination Clause in Contracts

Purpose of FHCF Examination. The purpose of the examinations conducted by the SBA is to evaluate the accuracy of the FHCF exposure or Loss data reported by the Company. However, due to the limited nature of the examination, it cannot be relied upon as an assurance that a Company’s data is reported accurately or in its entirety. The Company should not rely on the FHCF to identify every type of reporting error in its data. In addition, the reporting requirements are subject to change each Contract Year so it is the Company’s responsibility to be familiar with the applicable Contract Year requirements and to incorporate any changes into its data for that Contract Year. It is also the Company’s responsibility to ensure that its data is reported accurately and to comply with Florida Statutes and any applicable rules when reporting exposure data. The examination report is not intended to provide a legal determination of the Company’s compliance.

Appears in 36 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

AutoNDA by SimpleDocs

Purpose of FHCF Examination. The purpose of the examinations conducted by the SBA is to evaluate the accuracy of the FHCF exposure or Loss loss data reported by the Company. However, due to the limited nature of the examination, it cannot be relied upon as an assurance that a Companycompany’s data is reported accurately or in its entirety. The Company company should not rely on the FHCF to identify every type of reporting error in its data. In addition, the reporting requirements are subject to change each Contract Year so it is the Company’s responsibility to be familiar with the applicable Contract Year requirements and to incorporate any changes into its data for that Contract Year. It is also the Company’s responsibility to ensure that its data is reported accurately and to comply with Florida Statutes and any applicable rules when reporting exposure data. The examination report is not intended to provide a legal determination of the Company’s compliance.

Appears in 13 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

Purpose of FHCF Examination. The purpose of the examinations conducted by the SBA is to evaluate the accuracy of the FHCF exposure or Loss data reported by the Company. However, due to the limited nature of the examination, it cannot be relied upon as an assurance that a Company’s 's data is reported accurately or in its entirety. The Company should not rely on the FHCF to identify every type of reporting error in its data. In addition, the reporting requirements are subject to change each Contract Year so it is the Company’s 's responsibility to be familiar with the applicable Contract Year requirements and to incorporate any changes into its data for that Contract Year. It is also the Company’s 's responsibility to ensure that its data is reported accurately and to comply with Florida Statutes and any applicable rules when reporting exposure data. The examination report is not intended to provide a legal determination of the Company’s 's compliance.

Appears in 2 contracts

Samples: Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (HCI Group, Inc.)

Purpose of FHCF Examination. The purpose of the examinations conducted by the SBA is to evaluate the accuracy of the FHCF exposure or loss Loss data reported by the Company. However, due to the limited nature of the examination, it cannot be relied upon as an assurance that a company’s Company’s data is reported accurately or in its entirety. The company Company should not rely on the FHCF to identify every type of reporting error in its data. In addition, the reporting requirements are subject to change each Contract Year so it is the Company’s responsibility to be familiar with the applicable Contract Year requirements and to incorporate any changes into its data for that Contract Year. It is also the Company’s responsibility to ensure that its data is reported accurately and to comply with Florida Statutes and any applicable rules when reporting exposure data. The examination report is not intended to provide a legal determination of the Company’s compliance.

Appears in 1 contract

Samples: Reimbursement Contract

Purpose of FHCF Examination. The purpose of the examinations conducted by the SBA is to evaluate the accuracy of the FHCF exposure or Loss loss data reported by the Company. However, due to the limited nature of the examination, it cannot be relied upon as an assurance that a Company’s company's data is reported accurately or in its entirety. The Company company should not rely on the FHCF to identify every type of reporting error in its data. In addition, the reporting requirements are subject to change each Contract Year so it is the Company’s 's responsibility to be familiar with the applicable Contract Year requirements and to incorporate any changes into its data for that Contract Year. It is also the Company’s 's responsibility to ensure that its data is reported accurately and to comply with Florida Statutes and any applicable rules when reporting exposure data. The examination report is not intended to provide a legal determination of the Company’s 's compliance.

Appears in 1 contract

Samples: Reimbursement Contract (Federated National Holding Co)

AutoNDA by SimpleDocs

Purpose of FHCF Examination. The purpose of the examinations conducted by the SBA is to evaluate the accuracy of the FHCF exposure or Loss loss data reported by the Company. However, due to the limited nature of the examination, it cannot be relied upon as an assurance that a Companycompany’s data is reported accurately or in its entirety. The Company company should not rely on the FHCF to identify every type of reporting error in 20 FHCF-2016K Rule 19-8.010 F.A.C. its data. In addition, the reporting requirements are subject to change each Contract Year so it is the Company’s responsibility to be familiar with the applicable Contract Year requirements and to incorporate any changes into its data for that Contract Year. It is also the Company’s responsibility to ensure that its data is reported accurately and to comply with Florida Statutes and any applicable rules when reporting exposure data. The examination report is not intended to provide a legal determination of the Company’s compliance.

Appears in 1 contract

Samples: Reimbursement Contract (HCI Group, Inc.)

Purpose of FHCF Examination. The purpose of the examinations conducted by the SBA is to evaluate the accuracy of the FHCF exposure or Loss data reported by the Company. However, due to the limited nature of the examination, it cannot be relied upon as an assurance that a Company’s data is reported accurately or in its entirety. The Company should not rely on the FHCF to identify every type of reporting error in its data. In addition, the reporting requirements are subject to change each Contract Year so it is the Company’s responsibility to be familiar with the applicable Contract Year requirements and to incorporate any changes into its data for that Contract Year. It is also the Company’s responsibility to ensure that its data is reported accurately and to comply with Florida Statutes and any applicable rules when reporting exposure data. The examination report is not intended to provide a legal determination of the Company’s compliance.. Paragon

Appears in 1 contract

Samples: Reimbursement Contract (HCI Group, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.