Common use of Maintenance Renewal Clause in Contracts

Maintenance Renewal. The Sub Agent undertakes to inform the Underwriting Agent of any changes during the duration of the policy (including renewal), which would affect the Underwriting Agent’s attitude to covers or levels of premiums or which the Underwriting Agent should be made aware. The Sub Agent must liaise with the Underwriting Agent prior to each renewal to enable the Underwriting Agent to provide notification of renewal terms or non-renewal in good time to allow the Sub Agent to meet its regulatory obligations to customers in this respect.

Maintenance Renewal. The Sub Agent undertakes to inform the Underwriting Agent of any changes during the duration currency of the policy (including renewal), which would affect the Underwriting AgentUnderwriter’s attitude to covers or levels of premiums or which the Underwriting Agent Underwriter should be made aware. The Sub Agent must liaise with the Underwriting Agent prior to each renewal to enable the Underwriting Agent to provide notification of renewal terms or non-renewal in good time to allow the Sub Agent to meet its regulatory obligations to customers in this respect.