Suspended practices Sample Clauses

Suspended practices. The insurance must provide that, where run-off cover has been activated in accordance with this clause 5, but where the insured firm’s practice restarts, the insurer may (but shall not be obliged to) cancel such run-off cover, on such terms as may be agreed, provided that:
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Suspended practices. If: an insured firm ceases to carry on a practice during the course of any indemnity period in circumstances where the ARP is required to provide run-off cover in respect of that insured firm under the terms of an ARP policy issued to that insured firm; and that insured firm‟s practice subsequently restarts; and the ARP manager agrees to cancel such run-off cover the insured firm shall be entitled to such reimbursement of premium (if any), as the ARP manager considers appropriate. If, in addition, the ARP manager agrees to provide continuing cover in accordance with paragraph 5.4(b)(ii) of the MTC, the insured firm and every principal of that insured firm (including, for these purposes, every person held out as a partner of a sole practitioner) shall be liable to pay such additional premium (if any) as the ARP manager considers appropriate.
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Suspended practices. If: • a Firm ceases to carry on a Practice during the course of any Indemnity Period in circumstances where the Assigned Risks Pool is required to provide run-off cover in respect of that Firm under the terms of an ARP Policy issued to that Firm; and • that Firm’s Practice subsequently restarts; and • the ARP Manager agrees to cancel such run-off cover the Firm shall be entitled to such reimbursement of premium (if any), as the ARP Manager considers appropriate. If, in addition, the ARP Manager agrees to provide continuing cover in accordance with paragraph 5.4(b)(ii) of the Minimum Terms and Conditions, the Firm shall be liable to pay such additional premium (if any) as the ARP Manager considers appropriate.
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Suspended practices. If: • an Insured Firm ceases to carry on a Practice during the course of any Indemnity Period in circumstances where the Assigned Risks Pool is required to provide run-off cover in respect of that Insured Firm under the terms of an ARP Policy issued to that Insured Firm; and • that Insured Firm’s Practice subsequently restarts; and • the ARP Manager agrees to cancel such run-off cover the Insured Firm shall be entitled to such reimbursement of premium (if any), as the ARP Manager considers appropriate. If, in addition, the ARP Manager agrees to provide continuing cover in accordance with paragraph 5.4(b)(ii) of the Minimum Terms and Conditions, the Insured Firm and every Principal of that Insured Firm (including, for these purposes, every person held out as a partner of a Sole Practitioner) shall be liable to pay such additional premium (if any) as the ARP Manager considers appropriate.
Sample 1
Suspended practices. If: • a firm ceases to carry on a practice during the course of any indemnity period in circumstances where the assigned risks pool is required to provide run-off cover in respect of that firm under the terms of an assigned risks pool policy issued to that firm; and • that firm’s practice subsequently restarts; and • the assigned risks pool manager agrees to cancel such run-off cover the firm shall be entitled to such reimbursement of premium (if any), as the assigned risks pool manager considers appropriate. If, in addition, the assigned risks pool manager agrees to provide continuing cover in accordance with paragraph 5.4(b)(ii) of the Minimum Terms and Conditions, the firm shall be liable to pay such additional premium (if any) as the assigned risks pool manager considers appropriate. Self-Insured excesses for 2005/2006 The Self-Insured excess for each and every claim shall be calculated by multiplying the relevant number of principals by £4,500, subject to a maximum of £225,000 each claim. The relevant number of principals, is the number of principals as at the inception date of the policy. Part 2 - Method for calculation of the assigned risks pool default premium The assigned risks pool default premium shall be an amount equal to the assigned risks pool premium calculated in accordance with Part 1 above, plus an additional default charge of 20% of the amount concerned. Part 3 - Method for calculation of the assigned risks pool run-off premium The assigned risks pool run-off premium shall be an amount equal to A + B – C, where: A = The amount that would have been payable as the assigned risks pool default premium calculated in accordance with Part 2 above in relation to each indemnity period in which the firm has failed to obtain qualifying insurance prior to it becoming a run-off firm (including the indemnity period in which it ceased to practise) B = A further amount equal to that which would have been payable as the assigned risks pool default premium calculated in accordance with Part 2 above in relation to the indemnity period during which the firm ceased to practise C = Any sum due under rule 33.2 Offices and Appointments (definition of “private practice”) Discharging the functions of the following offices:-
Sample 1

Related to Suspended practices

  • Pay Practices The Employer recognizes the importance of regularity in pay practices and to the greatest extent possible the Employer will not alter the payment routines. Nurses will be notified in writing by the Employer not less than sixty (60) days in advance of a change to the pay practices.

  • PROHIBITED PRACTICES A. Contractor during the period of this Contract shall not hire, retain or use for compensation any member, officer, or employee of MPS to perform services under this Contract, or any other person who, to the knowledge of Contractor, has a conflict of interest.

  • SAFETY PRACTICES (a) The employer will take reasonable measures to prevent and eliminate any present or potential job hazards which the employees may encounter at their places of work.

  • Good industry practices 12.1.1. SAP warrants that: a) its Services will be performed in a professional xxxxxxx-like manner by Consultants with the skills reasonably required for the Services; and

  • Procedures and Practices (a) The members of the Works Committee may:

  • Data Practices The Parties acknowledge that this Agreement is subject to the requirements of Minnesota’s Government Data Practices Act, Minnesota Statutes, Section 13.01

  • Security Practices A. Protected data provided to the contractor will be stored: (include where and how) B. The security protections taken to ensure data will be protected that align with the NIST Cybersecurity Framework and industry best practices include:

  • FAIR PRACTICES 1. As sole bargaining agent the Association shall continue its policy of accepting into membership all eligible persons in the unit without regard to age, race, color, creed and religious creed, national origin, sex, marital status, sexual orientation, veteran’s status, handicap, genetic information, ancestry, or membership or non-membership in any political or ideological organization. The Association shall represent equally all members of the bargaining unit without regard to membership or participation in the activities of any employee organization.

  • PAYROLL PRACTICES All payments, benefits or other compensation under this paragraph 4 shall be paid in accordance with normal payroll practices as in effect on the Termination Date, except as provided in subparagraph (h) hereof, and subject to required payroll withholdings over the course of the period provided for within the applicable subsection above.

  • Deceptive Trade Practices; Unfair Business Practices 1) Vendor represents and warrants that neither Vendor nor any of its Subcontractors has been (i) found liable in any administrative hearing, litigation or other proceeding of Deceptive Trade Practices violations as defined under Chapter 17, Texas Business & Commerce Code, or (ii) has outstanding allegations of any Deceptive Trade Practice pending in any administrative hearing, litigation or other proceeding.

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