Examples of Eligible practice in a sentence
On the first occasion that an Eligible Practice which is a partnership makes an application pursuant to Rule 1.1 it shall, together with such application, make such nomination and provide such declaration of trust as is specified in Article 4(B) of the Articles.
When or before an application for or to renew Insurance is accepted, the Eligible Practice or the Insured Practice and PAMIA shall agree the Premium payable in respect of the Policy Year in which the Insurance will be effective.
A sole practitioner, partnership, limited liability partnership or company which does not fulfil the above criteria shall be deemed to be an Eligible Practice if it applies to be deemed an Eligible Practice and 75% of Directors present at a Board Meeting where its application is considered resolve in their absolute discretion that it is compatible with the practices of the generality of the Insured Practices and should be deemed an Eligible Practice.
A notice required under these Rules to be served on an Eligible Practice or an Insured Practice may be served by sending it through the post in a prepaid letter, or by personal delivery, or by facsimile transmission addressed to the Eligible Practice or the Insured Practice at the address which is its last known address to the knowledge of PAMIA or by email to the Insured Practice or Eligible Practice at the email supplied to PAMIA by the Insured Practice or Eligible Practice.
PAMIA may accept or refuse an application by an Eligible Practice for Insurance without giving any reason.
Upon acceptance of an application by an Eligible Practice for Insurance and payment of the Premium PAMIA will issue a Certificate of Insurance to the Eligible Practice and it shall become an Insured Practice.
On or before the acceptance of an application by an Eligible Practice for Insurance, PAMIA shall tender in writing the terms and conditions that will apply to such Insurance, including the Premium to be paid to PAMIA in respect of such Insurance.
Each Eligible Practice and Insured Practice shall be deemed to have full knowledge of these Rules and to have agreed that it is in every respect subject to and bound by them and the Memorandum and the Articles.
In considering an application by an Eligible Practice for Insurance, PAMIA shall consider whether from an underwriting perspective there is compatibility between the conduct of the Eligible Practice’s Intellectual Property Business and that of the generality of the Members, and make such decisions as to compatibility as PAMIA in its absolute discretion thinks fit.
An Insured Practice shall notify PAMIA immediately of any changes which might cause it to cease to come within the definition of Eligible Practice whereupon PAMIA shall be entitled in its absolute discretion to terminate or vary the terms of the Insurance.