Examples of PMC in a sentence
Producer will be relieved of responsibility only if and when the issuing company relieves PMC of its responsibility to collect such premium.
Producer understands that in providing quotes and/or coverage, PMC is relying upon the accuracy of information provided by insured through Producer and submitted to PMC.
Furthermore it is the responsibility of producer to advise PMC the type and the amount of coverage needed.
Agency Billed policies: the Producer accepts full and entire responsibility to PMC for the collection and payment of all earned premiums due on insurance contracts arranged by PMC, regardless of the collectability or collection status of the account by the Producer.
Producers shall obtain all necessary documents needed for PMC to bind coverage and complete the insureds underwriting file.