Servicing carrier definition

Servicing carrier means any authorized insurer des- ignated by the assigned risk plan and approved by the com- missioner and the United States Department of Labor to issue workers' compensation policies. It shall issue policies on behalf of the assigned risk plan, provide safety engineering, handle claims incurred by those covered by the assigned risk plan, provide premium audits, perform underwriting func- tions, and perform other duties as defined by the governing committee in its operating procedures.
Sample 1Sample 2
Servicing carrier means a participating insurer which agrees to be and is designated by the office to provide policyholder and claims service, including the issuance of policies, on behalf of the participating insurers.
Sample 1Sample 2Sample 3
Servicing carrier means a Member of the Pool that has been appointed by the Commissioner to receive assignments and provide coverage to eligible employers pursuant to the Plan on behalf of all other Pool Members.
Sample 1Sample 2Sample 3

Examples of Servicing carrier in a sentence

  • This Agreement shall be governed and construed in accordance with the laws of the State of New York, except all obligations of the Excused Carrier and the Servicing Carrier to PA ARP will be governed and construed by Pennsylvania law.

  • The Excused Carrier shall pay to the Servicing Carrier a fee (the “Buy-Out Fee”) by application of the factor set forth in Exhibit A to the Excused Carrier’s total quota of assignments (in premium dollars) under the PA ARP for the term of this Agreement.

  • General Underwriting/Rating The Servicing Carrier shall properly price all policies in accordance with the approved rating plans and approved forms contained in the Association's Manual of Rules and Rates and establish procedures for appropriate and timely verification of policyholders' and operators' driving records and/or obtain other information as necessary to assist in the proper classification and rating of an applicant.

  • Jedziniak Director South Carolina Department of Insurance 1612 Marion Street Columbia, South Carolina, 29201 Dear Mr. Jedziniak: Please find attached the response by South Carolina Insurance Company ("SCIC") to the South Carolina Associated Auto Insurers Plan Joint Underwriting Association Servicing Carrier Solicitation, proposal notice number 98-001/PPAI.

  • The Servicing Carrier, in conjunction with the other services required by this RFP, will conduct in accordance with the requirements of the Plan Documents, at least annually, audits of the producers affiliated with the Servicing Carrier to ensure: a.

  • The Servicing Carrier has been approved by the Pennsylvania Assigned Risk Plan Governing Committee as a Servicing Carrier under the Limited Assignment Distribution Program (hereinafter called the “LAD program”).

  • Except as set forth on Section 3.19 of the Disclosure Schedule, the Company is not engaged in any dispute with any Major Buyout Company or any Major Servicing Carrier.

  • Servicing Carrier: Excused Carrier: Pennsylvania General Insurance Company/ AutoOne Insurance Company Lebanon Mutual Insurance Company By: /s/ Xxxx X.

  • The content and format of the reserving reports furnished to the Association by the Servicing Carrier shall be in accordance with the specifications established by the Association.

  • The Servicing Carrier agrees to be responsible for the run off associated with business placed in the Association, and agrees that responsibility for administering run off obligations shall survive the expiration or earlier termination of this contract.


More Definitions of Servicing carrier

Servicing carrier means an insurance company or self-insurance administrator that is selected from among the Bid Respondents to provide the Plan Services responsive to this RFP, but subject to the specific terms, conditions and limitations of a Servicing Carrier Contract entered into between the successful Bid Respondent and the Plan.
Sample 1Sample 2
Servicing carrier means a facilities-based carrier providing mobile
Sample 1Sample 2
Servicing carrier means those insurance companies licensed and writing workers' compensation insurance within Mississippi, which have been appointed by the Commissioner to provide coverage to employers who have applied for workers' compensation insurance pursuant to the Plan.
Sample 1Sample 2
Servicing carrier means a workers' compensation insurer selected as a servicing
Sample 1
Servicing carrier means the successful Respondent or the carrier(s) selected to provide automobile insurance coverage to qualified applicants of the Association with said carrier being afforded reinsurance by the participating companies of the reinsurance pooling mechanism.
Sample 1
Servicing carrier means (i) with respect to Claims against the JUA, an insurance company that had or presently has a contract with the JUA to underwrite, process and adjust automobile insurance policies for the JUA pursuant to the NJAFIAA, (ii) with respect to Claims against the MTF, an insurance company that has or presently has a contract with the MTF to underwrite, process and adjust automobile policies for the MTF pursuant to the FAIRA, as amended by the GDP Act, and (iii) with respect to Claims against the City of Philadelphia or SEPTA, The City of Philadelphia or SEPTA, respectively.
Sample 1

Related to Servicing carrier

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Servicing Contract means, with respect to any Person, the arrangement, whether or not in writing, under which that Person has the right to service Mortgage Loans.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Primary Servicing Agreement means the agreement between the applicable Primary Servicer and the Master Servicer, under which such applicable Primary Servicer services the Mortgage Loans set forth on the schedule attached thereto.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Servicing Arrangement is defined in Section 11.06(b).

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Servicing Agreements Each of the Servicing Agreements executed with respect to a portion of the Mortgage Loans by one of the Servicers, which agreements are attached hereto, collectively, as Exhibit L.

  • Sale and Servicing Agreement means the Sale and Servicing Agreement, dated as of the Closing Date, between the Seller, the Issuer, the Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time.

  • Back-Up Servicing Agreement means that certain Back-Up Servicing Agreement to be entered into by and among the Company, the Administrative Agent and the Back-Up Servicer, as such agreement may be amended, restated, supplemented or otherwise modified from time to time.

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • Special Servicer means the special servicer appointed to act in such capacity with respect to the Mortgage Loan as provided in the Lead Securitization Servicing Agreement.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.