ZRM definition

ZRM means a newly-formed Florida corporation, 100% of the stock of which will be owned by Zenith Insurance or Zenith National. "Date of this Agreement" and words of similar import (such as "date hereof") shall mean October 7, 1996.
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Examples of ZRM in a sentence

  • ZRM shall provide comprehensive regulatory reporting, on a periodic basis and upon prescribed forms, as required by Florida Statutes and applicable provisions of the Florida Administrative Code.

  • Each of the Fund and RMG agrees that, upon the reasonable request of Zenith, Zenith Insurance or Zenith National, it shall cooperate and cause its affiliates, employees and agents to cooperate with Zenith, Zenith Insurance and Zenith National to effect the orderly transition of the business, operations and affairs of the Fund and RMG to Zenith and ZRM, respectively.

  • All funds collected for the account of the Insurer shall be held by ZRM in a fiduciary capacity in a bank which is a member of the Federal Reserve System.

  • The Insurer shall have ultimate control and responsibility over the functions delegated to ZRM under this Agreement.

  • Any settlement authority granted to ZRM may be terminated for cause upon the Insurer's written notice to ZRM or upon the termination of this agreement.

  • ZRM shall render accounts to the Insurer detailing all transactions under the terms of this Agreement to the Insurer on a monthly or more frequent basis, as determined from time to time by the Insurer.

  • ZRM shall provide such audit, accounting and administrative services as may be required from time to time to ensure the efficient and cost-effective operations of the Insurer.

  • The Insurer may suspend the underwriting authority of ZRM during the pendency of any dispute regarding the cause for termination as set forth in Article IV.

  • ZRM shall be responsible for the coordination and implementation of approved loss control programs.

  • Should this Agreement be terminated, ZRM will cease providing services, turn over to the Insurer all paper and electronic records and files of the Insurer in the custody of ZRM, which shall include loss control records, reports, surveys and correspondence, underwriting surveys and premium calculations, all active and closed claims files, Insured's files, and readable form copies of all regulatory filings.