Program Underwriting Agent definition

Program Underwriting Agent means an insurance intermediary that aggregates business from retail and general agents and manages business on behalf of insurance companies, including functions such as risk selection and underwriting, premium collection, policy form design and client service.
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Program Underwriting Agent shall have the same meaning that it has in the Traditional Program Business Pooling Agreement.
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Examples of Program Underwriting Agent in a sentence

  • Under those agreements, initially CPM and then CPIC, with respect to the Specialty Program Business, shall manage and control the Program Underwriting Agent’s business issued by Tower and shall be responsible to Tower for any losses resulting from gross malfeasance or gross misfeasance of a Program Underwriting Agent.

  • Tower shall further authorize CPM to appoint small insurers or their affiliates to act as a Program Underwriting Agent for it as long as those insurers assume part of the risk on business that they write using Tower’s policies.

Related to Program Underwriting Agent

  • Underwriting Agreement means the underwriting agreement, dated as of _________, 2024, among the Company and ▇▇▇▇▇-▇▇▇▇▇▇ Capital Group LLC as representative of the underwriters named therein, as amended, modified or supplemented from time to time in accordance with its terms.

  • Managing Underwriters means the investment banker or investment bankers and manager or managers that shall administer an underwritten offering.

  • Underwriters means the underwriters named in Schedule A to the Underwriting Agreement.

  • Dealer Manager Agreement shall have the meaning set forth in the preamble.

  • Underwriting Fee has the meaning given to it in the eighth paragraph of this Agreement;