Remittance of Premiums Sample Clauses

Remittance of Premiums. ‌ The Employer's sole responsibility is limited to the payment of its share of premiums. Benefit entitlement will be determined solely by the benefits carrier.
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Remittance of Premiums. Accounts of money due Company on the business placed by the Agent with the Company are to be rendered within ninety-six (96) hours of receipt. If Company agrees to xxxx direct policies on a direct basis, Company will assume responsibility for making collection of premium and will furnish to Agent a statement of account covering such transactions each month. Any premiums received by Agent on policies so billed will be received by Agent in a fiduciary capacity and paid over to Company within ninety-six (96) hours of receipt.
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Remittance of Premiums. Premiums shall be considered due from Agent on the first day of the month following the month in which the policy or bond, additional premium, or excess audit has been charged to Agent's statement. If Agent has not remitted all such monies to Company within forty-five days from the end of the month in which the business is charged, all unremitted items in the statement shall become delinquent. Any credit given by Agent to an insured shall be at Agent's own risk, and any of the provisions herein contained shall not be construed as an authorization for the extension of credit by Agent to an insured on behalf of Company. Company may, at its option, take over for collection any and all delinquent items in Agent's statement not collected or remitted for by Agent and in such event, Agent agrees to waive commission thereon. Company shall make the necessary audits on policies and bonds written by Agent requiring such audits for the computation of premium. In the event an additional premium is produced by any audit, such additional premium shall be charged to Agent's account, and Agent agrees to collect the additional premium from the Insured and remit same to company less his commission within forty-five days from the end of the month in which such additional premium is charged to Agent's account. In the event Agent is unable to collect such additional premium within the forty-five day period, and within ten days after the expiration of said forty-five day period notifies Company in writing to this effect and requests Company to take over for direct collection such additional premium. Company agrees to assume responsibility for the collection of such additional premium less commission, and Agent agrees to waive all claims for commission credits thereon, if Agent fails to notify Company of his inability to collect additional premiums as herein provided, Agent agrees that he will pay such additional premiums to Company in accordance with the provisions of this Agreement. In the event any audit produces a return premium due the Insured, Agent agrees to pay said return premium less his commission, as provided in this Agreement. In the case of bonds which cannot be terminated by written notice to the obligee, Agent may, by like notice, relieve himself of the responsibility to collect and remit renewal premiums.
Sample 1
Remittance of Premiums. All monies or negotiable instruments Agent receives for or on behalf of HFHP and/or FHCA shall be held by Agent as trustee for HFHP and/or FHCA and shall not be used by Agent for any purposes whatsoever. All Premiums coming into the possession of Agent for HFHP and/or FHCA shall be promptly remitted to HFHP and/or FHCA within two (2) business days of receipt with the associated application.
Sample 1
Remittance of Premiums. Agent shall collect all payments due from Resellers, as defined under the applicable Reseller Agreement, (and/or ensure Resellers remit all such payments due directly to the applicable third party administrators, Program Administrators and/or Program Obligors under an applicable Program) and remit such payments no later than the 10th of each month. To the extent Agent does not collect all payments due from Resellers, Agent shall ensure that Resellers remit all such payments due directly to the applicable third party administrators, Program Administrators and/or Program Obligors. No payments are to be made directly to Company. The remittance batch on the 10th of the month will consist of the final batch for the preceding calendar month. If this day falls on a weekend or holiday, Agent agrees to remit on the following business day. To the extent Agent forwards payments from Resellers through the Company, each submitted batch shall be accompanied by a Program Remittance Form, which outlines the number of submitted Program Applications and respective amounts due. If Agent and Resellers secured under this Agreement do not remit sufficient business, as determined by Company in its sole and absolute discretion, to the applicable third party administrators, Program Administrators and/or Program Obligors for any period consisting of at least ninety (90) consecutive days, this Agreement may be immediately terminated by Company upon notice to the Agent. Acceptance of any late payments shall not be deemed a waiver of this provision. Further, Agent is responsible and accountable for all fiduciary funds held in escrow for Company (or third party administrators, Program Administrators and/or Program Obligors) until Agent has remitted all amounts due. Failure to timely remit trust funds in accordance with this Agreement constitutes a material breach of this Agreement.
Sample 1
Remittance of Premiums. In the event that Agent inadvertently receives Premiums from a Healthy Premier enrollee, all such moneys or negotiable instruments Agent receives for or on behalf of UUHIP shall be held by Agent as trustee for UUHIP and shall not be used by Agent for any purposes whatsoever. All premiums coming into the possession of Agent for UUHIP’s products shall be promptly remitted to UUHIP within two (2) business days of receipt.
Sample 1
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Remittance of Premiums. Broker shall collect and immediately remit to MCO any initial premiums due to MCO under the terms of the Group Contract whether payment is made by check or money order made payable to MCO. After payment of initial premiums, Groups shall pay premiums directly to MCO.
Sample 1
Remittance of Premiums. In the event that Upline or its Agents inadvertently receives Premiums from a Medicare Product Enrollee, all such moneys or negotiable instruments Upline or its Agents receive for or on behalf of Aetna shall be held by Upline as trustee for Aetna and shall not be used by Upline for any purposes whatsoever. All Premiums coming into the possession of Upline for Aetna’s products shall be promptly remitted to Aetna no later than five (5) calendar days of receipt.
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Related to Remittance of Premiums

  • Remittance of Dues The Employer shall electronically transmit to the Union on the first bank working day after each payday all dues deducted for that pay period in those bargaining units for which the Union is the exclusive bargaining representative.

  • Remittance of Payments and Collections 13.18.1. All payments by any Lender to Agent shall be made not later than the time set forth elsewhere in this Agreement on the Business Day such payment is due; provided, however, that if such payment is due on demand by Agent and such demand is made on the paying Lender after 11:00 a.m. on such Business Day, then payment shall be made by 11:00 a.m. on the next Business Day. Payment by Agent to any Lender shall be made by wire transfer, promptly following Agent’s receipt of funds for the account of such Lender and in the type of funds received by Agent; provided, however, that if Agent receives such funds at or prior to 12:00 noon, Agent shall pay such funds to such Lender by 2:00 p.m. on such Business Day, but if Agent receives such funds after 12:00 noon, Agent shall pay such funds to such Lender by 2:00 p.m. on the next Business Day.

  • Payment of Premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

  • Maintenance of Premises LESSOR will be responsible for all structural and roof maintenance of the leased premises but specifically excluding damage caused by the careless, malicious, willful, or negligent acts of LESSEE or others, chemical, water or corrosion damage from any source, and maintenance of the space heating, ventilating, and cooling units exclusively serving the leased premises (collectively, the "HVAC Unit") and of any non "building standard" leasehold improvements. LESSOR shall not be deemed to have breached its obligation to make the repairs required to be made by LESSOR unless LESSOR fails to make the same within a reasonable period (taking into consideration the type of repair involved) after receiving written notice from LESSEE of the need therefor. LESSEE agrees to maintain at its expense the HVAC Unit and all other aspects of the leased premises in the same condition as they are at the commencement of the term or as they may be put in during the term of this lease, normal wear and tear and damage by fire or other casualty only excepted, and whenever necessary, to replace light bulbs, plate glass and other glass therein, acknowledging that the leased premises are now in good order and the light bulbs and glass whole. If LESSOR so directs, LESSEE shall enter into a preventive maintenance/service contract acceptable to LESSOR with a maintenance contractor acceptable to LESSOR at LESSEE's sole cost and expense for servicing all air conditioning, heating, ventilating, and other equipment or other equipment located within or serving the leased premises. LESSEE will properly control or vent all solvents, degreasers, smoke, odors, etc. and shall not cause the area surrounding the leased premises to be in anything other than a neat and clean condition, depositing all waste in appropriate receptacles. LESSEE shall be solely responsible for any damage to plumbing equipment, sanitary lines, or any other portion of the building which results from the discharge or use of any acid or corrosive substance by LESSEE. LESSEE shall not permit the leased premises to be overloaded, damaged, stripped or defaced, nor suffer any waste, and will not keep animals within the leased premises. LESSEE will protect any carpet with plastic or masonite chair pads under any rolling chairs. Unless heat is provided at LESSOR's expense, LESSEE shall maintain sufficient heat to prevent freezing of pipes or other damage. Any increase in air conditioning equipment or electrical capacity, or any installation and/or maintenance of equipment which is necessitated by some specific aspect of LESSEE's use of the leased premises shall be at LESSEE's expense. All maintenance provided by LESSOR shall be during LESSOR's normal business hours.

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