binding authority means an agreement between a Service Company and a coverholder under which the Service Company authorises the coverholder to enter into a contract of insurance on behalf of the members of a syndicate for whom the Service Company acts as an agent;
binding authority means any written agreement between the Assured and an underwriting or insurance company which delegates authority to the Assured, including but not limited to binding of business and/or settling of claims on behalf of the said underwriting or insurance company.
binding authority means a contract of delegated authority with an approved coverholder to delegate authority to the approved coverholder to enter into a contract or contracts of insurance to be underwritten by the members of a syndicate in accordance with the terms of the agreement;
More Definitions of binding authority
binding authority means an agreement between a managing agent and a coverholder under which the managing agent delegates its authority to enter into a contract or contracts of insurance to be underwritten by the members of a syndicate managed by it to the coverholder in accordance with the terms of the agreement;
binding authority means an instrument whereby an insurer authorises an insurance broker to solicit for a specific class of business on its behalf, having laid down terms and conditions, observance of which fully authorises the insurance broker to effect contracts of insurance between the insurer and the applicant for insurance;
binding authority means a trusted entity which issues Public Key Bindings. These Bindings are digitally signed with the private key of the Binding Authority;
binding authority. Dell confirms that it has been granted authority by the Insurer to bind the Insurer to an insurance policy with an eligible customer. Dell hereby delegates this binding authority to Partner, but Partner shall have no authority, express or implied:
binding authority means, in connection with the Companies’ and Company Subsidiaries’ Underwriting Business, a Contract providing the Companies or Company Subsidiaries the authority to bind insurance policies on behalf of a Business Carrier.
binding authority means an agreement between a Service Company and a coverholder under which the Service
binding authority means any written agreement between the Insured and an underwriting or insurance company which delegates authority to the Insured to bind business and/or settle claims on behalf of the said underwriting or insurance company.