Common use of Cover authority Clause in Contracts

Cover authority. You shall not issue, bind or confirm cover on our behalf for any insurance risk unless expressly authorised by us which shall include our acceptance by electronic data interchange. In accordance with the terms of the insurance policy any material information provided by the proposer or policyholder will be passed to us by you immediately by electronic means or recorded post. In the event of your being aware of any non-disclosure by a proposer or policyholder, you will either agree such non-disclosure being made known or decline to act on his behalf in effecting any insurance arrangement with us. Where documents and any other information relating to insurance policies to be issued under this Agreement are held by you, they shall be kept in a safe place in your office as our custodian and available for our inspection during normal business hours.

Appears in 5 contracts

Samples: Business Agreement, Business Agreement, Business Agreement

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