POSP definition

POSP means Point of Sale Person as defined in guidelines issued by IRDAI relating to POSP’s for Insurers (Life, Non-Life & Health).
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POSP means the Physician Office System Program established under the Tri-Lateral Master Agreement and administered by the AMA;
Sample 1

Examples of POSP in a sentence

  • The Company and POSP acknowledge and agree that POSP is an independent contractor and not an employee of the Company.

  • The Company has engaged POSP for the sale and/or servicing of insurance policies on its behalf.

  • The definitions set forth in the IRDAI Guidelines, IRDAI Insurance (Broker) Regulations of 2018, as well as any guidelines related to POSPs for Insurers (Life, Non-Life & Health) that may be updated from time to time, and regulations for Insurance Brokers and POSP, shall be applicable to the terms of this Agreement, mutatis mutandis.

  • The Company agrees to compensate the POSP for the services rendered and discharge of their obligations in accordance with the fees specified in Xxxxxxxx XX attached hereto.

  • The Company retains the right to terminate the contract of any such POSP.

  • The POSP agrees and undertakes not to make any adverse claims to these Marks at any time, either during the term of this agreement or afterward.

  • Signed and delivered by Mr./Ms./Mrs., by the hands of POSP ANNEXURE-I IRDAI APPROVED INSURANCE PRODUCTS FOR SOLICITING AND MARKETING BY POSPs: SI NO: Description of the Product 1 Motor Comprehensive Insurance Package Policy for Two-xxxxxxx 2 Motor Comprehensive Insurance Package Policy for Private Car 3 Motor Comprehensive Insurance Package Policy for Commercial Vehicle 4 Third party liability (Act only) Policy for Two-xxxxxxx 5 Third party liability (Act only) Policy for private car.

  • The Parties agree that the POSP shall perform activities in accordance with the guidelines prescribed by IRDAI from time to time.

Related to POSP

  • POPI means the Protection of Personal Information Act, 4 of 2013;

  • POPIA means the Protection of Personal Information Act, No 4 of 2013;

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