Ultimate Control. All services furnished under this Agreement shall always be subject to the direction and control of the Board of Directors and the authorized Officers of Company. The Board shall act in accordance with Section 1200 of the California Insurance Code to approve or ratify all the investments made in accordance with this Agreement and; if the Board acts not to approve any investment made under this Agreement the investment shall be disposed of in as prompt a manner as reasonable. Notwithstanding any other provision of this Agreement, it is understood and agreed that Company reserves the right to direct any action to be taken hereunder on its behalf by Investment Manager.
Appears in 3 contracts
Sources: Investment Services Agreement (Cii Financial Inc), Investment Services Agreement (Cii Financial Inc), Investment Services Agreement (Cii Financial Inc)