Errors & Omissions Insurance. The Producer shall maintain in full force and effect during the term of this Agreement a policy or policies of errors and omissions (“E&O”) insurance issued by an insurer acceptable to Coastal, and affording coverage in the minimum amount of $1,000,000 for acts of the Producer, its subagents and employees. Such E&O insurance shall be maintained by the Producer at the Producer’s sole cost and expense, and shall be primary and non-contributing coverage over any other valid and collectible insurance available to Coastal. The Producer shall furnish a copy of the certificate or binder for such insurance to Coastal each year as soon as practicable after the effective date. The Producer consents in advance to the immediate termination of this Agreement in the event of the cancellation or non-renewal of such errors and omissions insurance policy.
Errors & Omissions Insurance. The Errors and Omissions Insurance carrier shall be chosen at Broker's discretion. Contractor understands that he/she is responsible for payment of the deductible amount (currently $5,000.00) upon request, for each Errors and Omissions claim. Contractor shall immediately notify Broker of any circumstances likely to give rise to any kind of claim or complaint against Contractor and/or Broker. In the event of a claim, lawsuit, license complaint or Arbitration demand which is not wholly covered by insurance, Broker may withhold from Contractor's commissions payable, an amount adequate to satisfy any amounts not covered, which Broker shall place in its Claims and Disputes Retention Account, pending settlement or other disposition of the matter. Broker may, in Broker's sole discretion, apply such sums as necessary to settle or to satisfy any such claim or award, and Contractor agrees to cooperate fully in this regard. Contractor understands that, from time to time, the Principals of Broker may deem it necessary to obtain legal consultation concerning one of Contractors transactions, Contractor agrees to reimburse and indemnify Broker for any Attorney's fee reasonably incurred by Broker to obtain legal advice concerning such transactions(s).
Errors & Omissions Insurance. For the full term of this Agreement and for a period of three (3) years thereafter, CONSULTANT shall procure and maintain Errors and Omissions Liability Insurance appropriate to CONSULTANT’s profession. Such coverage shall have minimum limits of no less than One Million Dollars ($1,000,000.00) per occurrence and shall be endorsed to include contractual liability.
Errors & Omissions Insurance. Consultant shall maintain professional liability insurance in the amount of not less than $2,000,000 per claim. Consultant shall keep in force the professional liability policy for at least 24 months after the expiration of the Agreement with City. In any case, Consultant shall notify City in the event of a cancellation or reduction in limits. Unless such cancellation or reduction is immediately cured by Consultant, such cancellation or reduction constitutes a breach of this Agreement.
Errors & Omissions Insurance. Company shall add Lender and Director as additional insureds under Company's errors and omissions and general liability policies in connection with the Picture, if any, subject to the terms and conditions of said policy, including any deductible or policy limits; provided, however, the inclusion of Lender and Director on said policy will relieve neither Lender nor Director from his representations, warranties and indemnities contained herein.
Errors & Omissions Insurance. With respect to the Investment Services provided by the Contractor hereunder, Investment Advisors' Errors & Omissions insurance coverage, provided by an insurance carrier with an AM Best's rating of A- or better unless otherwise approved by the Board, shall be maintained by the Contractor in the amount of not less than ten million dollars ($10,000,000.00). The Contractor agrees to maintain Errors & Omissions insurance coverage in accordance with this Section 12.10(a)(i) for at least five years beyond the termination of this Agreement.
Errors & Omissions Insurance. Do you have Errors & Omissions Insurance? 🞎 Yes If “Yes”, please provide name of carrier 🞎 No Exhibit 4 W-9 Request for Taxpayer Identification Number and Certification Give form to the requester. Do not send to the IRS. Name: (as shown on your income tax return) Individual/ Check appropriate box: Sole Proprietor Corporation Partnership Other Address: (number, street and apt. or suite no.) City: State: ZIP Code: Part I Taxpayer Identification Number (TIN) Social Security Number: ___ ___ ___ - or Employer Identification Number: ___ ___ -___ ___ ___ ___ ___ ___ ___ Part II Certification Under penalties of perjury, I certify that: 1. The number shown on this form is my correct taxpayer identification number (Or I am waiting for a number to be issued to me), and 2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding, and 3. I am a U.S. person (including a U.S. resident alien). Sign Here Signa ture of U.S. Person: Date: Exhi bit 5 Direct Deposit Authorization Form Connecticut General Life Insurance Company A Direct Deposit Unit, C-328 000 Xxxxxxx Xxxxx Xx. Xxxxxxxx, XX 00000-0000 800.903.7711 Please read the instructions on the following page prior to completing this form. PRODUCER NAME (Legal Entity) TAX IDENTIFICATION NUMBER PRODUCER CODE PRODUCER’S BILLING ADDRESS (Street, City, State, Zip Code) CONTACT NAME BUSINESS TELEPHONE ( ) PLEASE INCLUDE A VOIDED CHECK OR SPECIFICAITON SHEET AS REQUESTED IN THE IN- STRUCTIONS ON THE FOLLOWING PAGE. YOUR APPLICATION CANNOT BE PROCESSED WITH- OUT THIS INFORMATION. NOTE: A DEPOSIT TICKET IS NOT ACCEPTABLE Please Check One: 🞎 Cancellation 🞎 Enrollment 🞎 Change BANK ACCOUNT INFORMATION BANK ACCOUNT NUMBER BANK ROUTING NUMBER BANK ACCOUNT NAME LISTED NUMBER REFERS TO: (Please Check One) 🞎 Business Checking Account 🞎 Business Savings Account 🞎 Other (personal account, etc.) BANK NAME ADDRESS (Street, City, State, Zip Code) Authorization is hereby granted to Connecticut General Life Insurance Company (“Connecticut General”) and its affiliates to credit said account at the financial institution named above for the purpose of making commission payments. Connecticut General and its affiliates are also granted authorization to correct i...
Errors & Omissions Insurance. Agency shall, at Agency’s sole expense, maintain in force, throughout the Term of this Agreement and thereafter so long as any of Agency’s Citizens Policies remain in force, an Errors and Omissions insurance policy (the “E & O Policy”), having at least the Minimum Limits and a deductible no greater than the Maximum Deductible. Agency shall also ensure that the E & O Policy has either an all prior acts endorsement or an endorsement covering prior acts back to at least the Effective Date. Agency shall further ensure that the E & O Policy provides that the E & O Policy shall not be canceled nor the coverage modified nor the limits changed without first giving thirty (30) days' prior written notice thereof to Company. No such notice of cancellation, modification, or change shall affect Agency’s obligation to maintain the E & O Policy as required herein.
Errors & Omissions Insurance. If IC secures their own E & O insurance policy, has named ITH as a Additional Insured in their E &O coverage, and provides ITH with a copy of the IC insurance policy reflecting that ITH is listed and covered by their policy, ITH will waive the $100 fee. Annual fee in the amount of $100.00 This annual fee will be due on the first anniversary sign-up date of the IC, unless IC has earned a minimum of $600 in commissions from previous year sales made through ITH’S program, in which case the annual fee will be waived. Monthly fees in the amount of $50.00* will be billed for the following services if required: One (1) Amadeus Vista software certificate will be provided by ITH to the IC. Each subsequent Amadeus Vista software certificate downloaded by IC would be billed at $25.00 per month per certificate. Travel Management Reports will be provided to the IC by ITH. Information to compose these reports will originate from the Amadeus Vista software computer entries of the IC. ITH’S TRAMS’S back- office accounting system will be used to compile the travel data from the IC to produce weekly or monthly travel reports as requested by the IC. The fee for compiling these reports on a weekly or monthly basis is $25.00 all inclusive.
Errors & Omissions Insurance. During the Term, the Company shall maintain errors and omissions insurance with a reputable insurance company with a policy limit of no less than $1,000,000 protecting Executive from any and all claims, actions, causes of action, arbitrations, proceedings, losses, damages, liabilities and expenses ("CLAIMS') that arise directly or indirectly from his duties with the Company, the Subsidiaries, or Affiliate of the Company and that are customarily covered by errors and omissions insurance issued by insurance companies of good reputation.
