Insurance tracking definition

Insurance tracking means monitoring evidence of insurance on collateralized credit transactions to determine whether insurance required by the credit agreement has lapsed, and communicating with debtors concerning the status of insurance coverage.
Insurance tracking means activities undertaken by a person other than a creditor to monitor evidence of insurance on collateralized credit transactions to determine whether insurance required by the credit agreement has lapsed and to communicate with debtors concerning the status of insurance coverage;
Insurance tracking means only those activities related to determining whether a borrower has in place insurance that complies with the loan contract’s requirements to maintain insurance to protect the property serving as collateral for the loan, including:

More Definitions of Insurance tracking

Insurance tracking means monitoring evidence of insurance on

Related to Insurance tracking

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • life insurance business means the business of effecting contracts of insurance upon human life, including any contract whereby the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, and any contract which is subject to payment of premiums for a term dependent on human life and shall be deemed to include—

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Insurance transaction means any transaction involving insurance primarily for personal, family, or household needs rather than business or professional needs that entails:

  • Insurance Affordability Program means a program that is one of the following: