Contract Churning definition

Contract Churning means the a) Producer forwarding the same Contract to multiple administrators of after-market insurance products and warranties for motor vehicles or residential homes so that the Producer receives multiple sources of the same funding for the same Contract; b) Producer forwarding the same Contract to different Payment Plan Providers so that the Producer receives multiple sources of the same funding for the same Contract and/or combination of Section 1.7(a) and (b).
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Related to Contract Churning

  • Job order contracting means a project delivery method in which:

  • Contract carrier means any person who, under special and individual contracts or agreements, and

  • HRS means Hawaii Revised Statutes.

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.