Common use of COVERHOLDER AUTHORITY Clause in Contracts

COVERHOLDER AUTHORITY. UNDERWRITERS TO RECEIVE AGREEMENT 1 PERIOD 2 PERSON(S) RESPONSIBLE FOR OPERATION AND CONTROL 3 GRANT OF AUTHORITY 4 DELEGATION OF AUTHORITY 5 OTHER CONDITIONS, REQUIREMENTS AND/OR AMENDMENTS RELATING TO THE OPERATION OF THE AGREEMENT 6 AUTHORISED CLASS(ES) OF BUSINESS AND COVERAGE(S) 7 EXCLUDED CLASS(ES) OF BUSINESS AND COVERAGE(S) 8 TERRITORIAL LIMITATIONS 9 MAXIMUM LIMITS OF LIABILITY OR SUMS INSURED 10 PREMIUMS, DEDUCTIBLES AND EXCESSES FOR INSURANCES BOUND 11 GROSS PREMIUM INCOME LIMIT 12 PERIOD OF INSURANCES BOUND 13 AUTOMATIC OR TACIT RENEWAL OF INSURANCES BOUND 14 PREMIUM FINANCE CONTRACTS 15 COMMISSION(S) 16 REFUND OF UNEARNED COMMISSION(S) 17 EXPENSES 18 APPLICATION OR PROPOSAL FORMS 19 CONTRACT DOCUMENTATION 20 PROCEDURE FOR THE HANDLING AND SETTLEMENT OF CLAIMS AND PURSUIT OF RECOVERIES 21 COMPLAINTS OR PROCEEDINGS 22 RISKS WRITTEN BORDEREAU(X)/REPORTING AND AGGREGATE EXPOSURES 23 ACCOUNTING BORDEREAU(X)/REPORTING AND SETTLEMENTS 24 RECORDS, STATISTICAL INFORMATION AND AUDIT/INSPECTION 25 ADVERTISING AND PROMOTIONAL MATERIAL 26 SEPARATE BANK ACCOUNTS 27 LICENCES AND TAXES 28 FEES AND CHARGES 29 INDEMNITY INSURANCE 30 BUSINESS CONTINUITY 31 CONFIDENTIALITY 32 CONFLICTS OF INTEREST 33 COMPLIANCE WITH THE LAW AND FINANCIAL CRIME 34 DATA PROTECTION 35 TERMINATION 36 EFFECT OF TERMINATION OR NON-RENEWAL 37 GENERAL INTERPRETATION 38 ENFORCEABILITY CLAUSE 39 RIGHTS OF THIRD PARTIES 40 SEVERAL LIABILITY 41 JURISDICTION AND GOVERNING LAW 42 This Binding Authority Agreement, the Schedule and table of security attached hereto and any endorsements hereon (‘the Agreement’) is made by and between the Underwriting Members of Lloyd’s whose syndicate numbers and proportions are shown in the attached table of security (‘the Underwriters’), and the Coverholder whose name and address is stated in the Schedule (‘the Coverholder’). Subject to Section 36, all communications and settlements between the Coverholder and the Underwriters shall be made via the Lloyd’s Broker whose name and address is stated in the Schedule (‘the Lloyd’s Broker’).

COVERHOLDER AUTHORITY. UNDERWRITERS TO RECEIVE AGREEMENT 1 PERIOD 2 PERSON(S) RESPONSIBLE FOR OPERATION AND CONTROL 3 GRANT OF AUTHORITY 4 DELEGATION OF AUTHORITY 5 OTHER CONDITIONS, REQUIREMENTS AND/OR AMENDMENTS RELATING TO THE OPERATION OF THE AGREEMENT 6 AUTHORISED CLASS(ES) OF BUSINESS AND COVERAGE(S) 7 EXCLUDED CLASS(ES) OF BUSINESS AND COVERAGE(S) 8 TERRITORIAL LIMITATIONS 9 MAXIMUM LIMITS OF LIABILITY OR SUMS INSURED 10 PREMIUMS, DEDUCTIBLES AND EXCESSES FOR INSURANCES BOUND 11 GROSS PREMIUM INCOME LIMIT 12 PERIOD OF INSURANCES BOUND 13 AUTOMATIC OR TACIT RENEWAL OF INSURANCES BOUND 14 PREMIUM FINANCE CONTRACTS 15 COMMISSION(S) 16 REFUND OF UNEARNED COMMISSION(S) 17 EXPENSES 18 APPLICATION OR PROPOSAL FORMS 19 CONTRACT DOCUMENTATION 20 PROCEDURE FOR THE HANDLING AND SETTLEMENT OF CLAIMS AND PURSUIT OF RECOVERIES 21 COMPLAINTS OR PROCEEDINGS 22 RISKS WRITTEN BORDEREAU(X)/REPORTING AND AGGREGATE EXPOSURES 23 ACCOUNTING BORDEREAU(X)/REPORTING AND SETTLEMENTS 24 RECORDS, STATISTICAL INFORMATION AND AUDIT/INSPECTION 25 ADVERTISING AND PROMOTIONAL MATERIAL 26 SEPARATE BANK ACCOUNTS 27 LICENCES AND TAXES 28 FEES AND CHARGES 29 INDEMNITY INSURANCE 30 BUSINESS CONTINUITY 31 CONFIDENTIALITY 32 CONFLICTS OF INTEREST 33 COMPLIANCE WITH THE LAW AND FINANCIAL CRIME 34 DATA PROTECTION 35 TERMINATION 36 EFFECT OF TERMINATION OR NON-RENEWAL TRANSFER FROM ONE UNDERWRITING YEAR OF ACCOUNT TO THE NEXT 37 37A GENERAL INTERPRETATION 38 ENFORCEABILITY CLAUSE 39 RIGHTS OF THIRD PARTIES 40 SEVERAL LIABILITY 41 JURISDICTION AND GOVERNING LAW 42 BINDING AUTHORITY AGREEMENT (MULTI-YEAR)‌ This Binding Authority Agreement, the Schedule and table of security attached hereto and any endorsements hereon (‘the Agreement’) is made by and between the Underwriting Members of Lloyd’s whose syndicate numbers and proportions are shown in the attached table of security (‘the Underwriters’), and the Coverholder whose name and address is stated in the Schedule (‘the Coverholder’). Subject to Section 36, all communications and settlements between the Coverholder and the Underwriters shall be made via the Lloyd’s Broker whose name and address is stated in the Schedule (‘the Lloyd’s Broker’).

COVERHOLDER AUTHORITY. UNDERWRITERS TO RECEIVE AGREEMENT 1 PERIOD 2 PERSON(S) RESPONSIBLE FOR OPERATION AND CONTROL 3 GRANT OF AUTHORITY 4 DELEGATION OF AUTHORITY 5 OTHER CONDITIONS, REQUIREMENTS AND/OR AMENDMENTS RELATING TO THE OPERATION OF THE AGREEMENT 6 AUTHORISED CLASS(ES) OF BUSINESS AND COVERAGE(S) 7 EXCLUDED CLASS(ES) OF BUSINESS AND COVERAGE(S) 8 TERRITORIAL LIMITATIONS 9 MAXIMUM LIMITS OF LIABILITY OR SUMS INSURED 10 PREMIUMS, DEDUCTIBLES AND EXCESSES FOR INSURANCES BOUND 11 GROSS PREMIUM INCOME LIMIT 12 PERIOD OF INSURANCES BOUND 13 AUTOMATIC OR TACIT RENEWAL OF INSURANCES BOUND 14 PREMIUM FINANCE CONTRACTS 15 COMMISSION(S) 16 REFUND OF UNEARNED COMMISSION(S) 17 EXPENSES 18 APPLICATION OR PROPOSAL FORMS 19 CONTRACT DOCUMENTATION 20 PROCEDURE FOR THE HANDLING AND SETTLEMENT OF CLAIMS AND PURSUIT OF RECOVERIES 21 COMPLAINTS OR PROCEEDINGS 22 RISKS WRITTEN BORDEREAU(X)/REPORTING AND AGGREGATE EXPOSURES 23 ACCOUNTING BORDEREAU(X)/REPORTING AND SETTLEMENTS 24 RECORDS, STATISTICAL INFORMATION AND AUDIT/INSPECTION 25 ADVERTISING AND PROMOTIONAL MATERIAL 26 SEPARATE BANK ACCOUNTS 27 LICENCES AND TAXES 28 FEES AND CHARGES 29 INDEMNITY INSURANCE 30 BUSINESS CONTINUITY 31 CONFIDENTIALITY 32 CONFLICTS OF INTEREST 33 COMPLIANCE WITH THE LAW AND FINANCIAL CRIME 34 DATA PROTECTION 35 TERMINATION 36 EFFECT OF TERMINATION OR NON-RENEWAL 37 TRANSFER FROM ONE UNDERWRITING YEAR OF ACCOUNT TO THE NEXT 37A GENERAL INTERPRETATION 38 ENFORCEABILITY CLAUSE 39 RIGHTS OF THIRD PARTIES 40 SEVERAL LIABILITY 41 JURISDICTION AND GOVERNING LAW 42 UNITED STATES OF AMERICA BINDING AUTHORITY AGREEMENT (MULTI-YEAR)‌‌ This Binding Authority Agreement, the Schedule and table of security attached hereto and any endorsements hereon (‘the Agreement’) is made by and between the Underwriting Members of Lloyd’s whose syndicate numbers and proportions are shown in the attached table of security (‘the Underwriters’), and the Coverholder whose name and address is stated in the Schedule (‘the Coverholder’). Subject to Section 36, all communications and settlements between the Coverholder and the Underwriters shall be made via the Lloyd’s Broker whose name and address is stated in the Schedule (‘the Lloyd’s Broker’).

COVERHOLDER AUTHORITY. UNDERWRITERS TO RECEIVE AGREEMENT 1 PERIOD 2 PERSON(S) RESPONSIBLE FOR OPERATION AND CONTROL 3 GRANT OF AUTHORITY 4 DELEGATION OF AUTHORITY 5 OTHER CONDITIONS, REQUIREMENTS AND/OR AMENDMENTS RELATING TO THE OPERATION OF THE AGREEMENT 6 AUTHORISED CLASS(ES) OF BUSINESS AND COVERAGE(S) 7 EXCLUDED CLASS(ES) OF BUSINESS AND COVERAGE(S) 8 TERRITORIAL LIMITATIONS 9 MAXIMUM LIMITS OF LIABILITY OR SUMS INSURED 10 PREMIUMS, DEDUCTIBLES AND EXCESSES FOR INSURANCES BOUND 11 GROSS PREMIUM INCOME LIMIT 12 PERIOD OF INSURANCES BOUND 13 AUTOMATIC OR TACIT RENEWAL OF INSURANCES BOUND 14 PREMIUM FINANCE CONTRACTS 15 COMMISSION(S) 16 REFUND OF UNEARNED COMMISSION(S) 17 EXPENSES 18 APPLICATION OR PROPOSAL FORMS 19 CONTRACT DOCUMENTATION 20 PROCEDURE FOR THE HANDLING AND SETTLEMENT OF CLAIMS AND PURSUIT OF RECOVERIES 21 COMPLAINTS OR PROCEEDINGS 22 RISKS WRITTEN BORDEREAU(X)/REPORTING AND AGGREGATE EXPOSURES 23 ACCOUNTING BORDEREAU(X)/REPORTING AND SETTLEMENTS 24 RECORDS, STATISTICAL INFORMATION AND AUDIT/INSPECTION 25 ADVERTISING AND PROMOTIONAL MATERIAL 26 SEPARATE BANK ACCOUNTS 27 LICENCES AND TAXES 28 FEES AND CHARGES 29 INDEMNITY INSURANCE 30 BUSINESS CONTINUITY 31 CONFIDENTIALITY 32 CONFLICTS OF INTEREST 33 COMPLIANCE WITH THE LAW AND FINANCIAL CRIME 34 DATA PROTECTION 35 TERMINATION 36 EFFECT OF TERMINATION OR NON-RENEWAL 37 GENERAL INTERPRETATION 38 ENFORCEABILITY CLAUSE 39 RIGHTS OF THIRD PARTIES 40 SEVERAL LIABILITY 41 JURISDICTION AND GOVERNING LAW 42 UNITED STATES OF AMERICA BINDING AUTHORITY AGREEMENT‌ This Binding Authority Agreement, the Schedule and table of security attached hereto and any endorsements hereon (‘the Agreement’) is made by and between the Underwriting Members of Lloyd’s whose syndicate numbers and proportions are shown in the attached table of security (‘the Underwriters’), and the Coverholder whose name and address is stated in the Schedule (‘the Coverholder’). Subject to Section 36, all communications and settlements between the Coverholder and the Underwriters shall be made via the Lloyd’s Broker whose name and address is stated in the Schedule (‘the Lloyd’s Broker’).

COVERHOLDER AUTHORITY. UNDERWRITERS TO RECEIVE AGREEMENT 1 PERIOD 2 PERSON(S) RESPONSIBLE FOR OPERATION AND CONTROL 3 GRANT OF AUTHORITY 4 DELEGATION OF AUTHORITY 5 OTHER CONDITIONS, REQUIREMENTS AND/OR AMENDMENTS RELATING TO THE OPERATION OF THE AGREEMENT 6 SCOPE OF AUTHORITY AUTHORISED CLASS(ES) OF BUSINESS AND COVERAGE(S) 7 EXCLUDED CLASS(ES) OF BUSINESS AND COVERAGE(S) 8 TERRITORIAL LIMITATIONS 9 MAXIMUM LIMITS OF LIABILITY OR SUMS INSURED 10 PREMIUMS, DEDUCTIBLES AND EXCESSES FOR INSURANCES BOUND 11 GROSS PREMIUM INCOME LIMIT 12 PERIOD OF INSURANCES BOUND 13 AUTOMATIC OR TACIT RENEWAL OF INSURANCES BOUND 14 PREMIUM FINANCE CONTRACTS 15 COVERHOLDER COMMISSIONS AND EXPENSES COMMISSION(S) 16 REFUND OF UNEARNED COMMISSION(S) 17 EXPENSES 18 DOCUMENTATION FOR INSURANCES BOUND APPLICATION OR PROPOSAL FORMS 19 CONTRACT DOCUMENTATION 20 CLAIMS AND COMPLAINTS PROCEDURE FOR THE HANDLING AND SETTLEMENT OF CLAIMS AND PURSUIT OF RECOVERIES 21 COMPLAINTS OR PROCEEDINGS 22 REPORTING, RECORDS AND AGGREGATE EXPOSURES RISKS WRITTEN BORDEREAU(X)/REPORTING AND AGGREGATE EXPOSURES 23 ACCOUNTING BORDEREAU(X)/REPORTING AND SETTLEMENTS 24 RECORDS, STATISTICAL INFORMATION AND AUDIT/INSPECTION 25 ADVERTISING ADVERTISING AND PROMOTIONAL MATERIAL 26 BANK ACCOUNTS SEPARATE BANK ACCOUNTS 27 COMPLIANCE, REGULATORY AND GENERAL REQUIREMENTS LICENCES AND TAXES 28 FEES AND CHARGES 29 INDEMNITY INSURANCE 30 BUSINESS CONTINUITY 31 CONFIDENTIALITY 32 CONFLICTS OF INTEREST 33 COMPLIANCE WITH THE LAW AND FINANCIAL CRIME 34 DATA PROTECTION 35 TERMINATION AND NON-RENEWAL TERMINATION 36 EFFECT OF TERMINATION OR NON-RENEWAL 37 MISCELLANEOUS GENERAL INTERPRETATION 38 ENFORCEABILITY CLAUSE 39 RIGHTS OF THIRD PARTIES 40 SEVERAL LIABILITY 41 JURISDICTION AND GOVERNING LAW 42 This Binding Authority Agreement, the Schedule and table of security attached hereto and any endorsements hereon (‘the Agreement’) is made by and between the Underwriting Members of Lloyd’s whose syndicate numbers and proportions are shown in the attached table of security (‘the Underwriters’), and the Coverholder whose name and address is stated in the Schedule (‘the Coverholder’). Subject to Section 36, all communications and settlements between the Coverholder and the Underwriters shall be made via the Lloyd’s Broker whose name and address is stated in the Schedule (‘the Lloyd’s Broker’).

COVERHOLDER AUTHORITY. UNDERWRITERS TO RECEIVE AGREEMENT 1 PERIOD 2 PERSON(S) RESPONSIBLE FOR OPERATION AND CONTROL 3 GRANT OF AUTHORITY 4 DELEGATION OF AUTHORITY 5 OTHER CONDITIONS, REQUIREMENTS AND/OR AMENDMENTS RELATING TO THE OPERATION OF THE AGREEMENT 6 AUTHORISED CLASS(ES) OF BUSINESS AND COVERAGE(S) 7 EXCLUDED CLASS(ES) OF BUSINESS AND COVERAGE(S) 8 TERRITORIAL LIMITATIONS 9 MAXIMUM LIMITS OF LIABILITY OR SUMS INSURED 10 PREMIUMS, DEDUCTIBLES AND EXCESSES FOR INSURANCES BOUND 11 GROSS PREMIUM INCOME LIMIT 12 PERIOD OF INSURANCES BOUND 13 AUTOMATIC OR TACIT RENEWAL OF INSURANCES BOUND 14 PREMIUM FINANCE CONTRACTS AND PREMIUM PAYMENT PLAN 15 COMMISSION(S) 16 REFUND OF UNEARNED COMMISSION(S) 17 EXPENSES 18 APPLICATION OR PROPOSAL FORMS 19 CONTRACT DOCUMENTATION 20 PROCEDURE FOR THE HANDLING AND SETTLEMENT OF CLAIMS AND PURSUIT OF RECOVERIES 21 COMPLAINTS OR PROCEEDINGS 22 RISKS WRITTEN BORDEREAU(X)/REPORTING AND AGGREGATE EXPOSURES 23 ACCOUNTING BORDEREAU(X)/REPORTING AND SETTLEMENTS 24 RECORDS, STATISTICAL INFORMATION AND AUDIT/INSPECTION 25 ADVERTISING AND PROMOTIONAL MATERIAL 26 SEPARATE BANK ACCOUNTS 27 LICENCES TAXES, LICENCE FEES, OTHER CHARGES AND TAXES DISBURSEMENTS 28 FEES AND CHARGES 29 INDEMNITY INSURANCE 30 BUSINESS CONTINUITY 31 CONFIDENTIALITY 32 CONFLICTS OF INTEREST 33 COMPLIANCE WITH THE LAW AND FINANCIAL CRIME 34 DATA PROTECTION 35 TERMINATION 36 EFFECT OF TERMINATION OR NON-RENEWAL 37 GENERAL INTERPRETATION 38 ENFORCEABILITY CLAUSE 39 RIGHTS OF THIRD PARTIES 40 SEVERAL LIABILITY 41 JURISDICTION AND GOVERNING LAW DISPUTE RESOLUTION 42 43 This Binding Authority Agreement, the Schedule and table of security attached hereto and any endorsements hereon (‘the Agreement’) is made by and between the Underwriting Members of Lloyd’s whose syndicate numbers and proportions are shown in the attached table of security (‘the Underwriters’), and the Coverholder whose name and address is stated in the Schedule (‘the Coverholder’). Subject to Section 36, all communications and settlements between the Coverholder and the Underwriters shall be made via the Lloyd’s Broker whose name and address is stated in the Schedule (‘the Lloyd’s Broker’).

COVERHOLDER AUTHORITY. UNDERWRITERS TO RECEIVE AGREEMENT 1 PERIOD 2 PERSON(S) RESPONSIBLE FOR OPERATION AND CONTROL 3 GRANT OF AUTHORITY 4 DELEGATION OF AUTHORITY 5 OTHER CONDITIONS, REQUIREMENTS AND/OR AMENDMENTS RELATING TO THE OPERATION OF THE AGREEMENT 6 AUTHORISED CLASS(ES) OF BUSINESS AND COVERAGE(S) 7 EXCLUDED CLASS(ES) OF BUSINESS AND COVERAGE(S) 8 TERRITORIAL LIMITATIONS 9 MAXIMUM LIMITS OF LIABILITY OR SUMS INSURED 10 PREMIUMS, DEDUCTIBLES AND EXCESSES FOR INSURANCES BOUND 11 GROSS PREMIUM INCOME LIMIT 12 PERIOD OF INSURANCES BOUND 13 AUTOMATIC OR TACIT RENEWAL OF INSURANCES BOUND 14 PREMIUM FINANCE CONTRACTS 15 COMMISSION(S) 16 REFUND OF UNEARNED COMMISSION(S) 17 EXPENSES 18 APPLICATION OR PROPOSAL FORMS 19 CONTRACT DOCUMENTATION 20 PROCEDURE FOR THE HANDLING AND SETTLEMENT OF CLAIMS AND PURSUIT OF RECOVERIES 21 COMPLAINTS OR PROCEEDINGS 22 RISKS WRITTEN BORDEREAU(X)/REPORTING AND AGGREGATE EXPOSURES 23 ACCOUNTING BORDEREAU(X)/REPORTING AND SETTLEMENTS 24 RECORDS, STATISTICAL INFORMATION AND AUDIT/INSPECTION 25 ADVERTISING AND PROMOTIONAL MATERIAL 26 SEPARATE BANK ACCOUNTS 27 LICENCES AND TAXES 28 FEES AND CHARGES 29 INDEMNITY INSURANCE 30 BUSINESS CONTINUITY 31 CONFIDENTIALITY 32 CONFLICTS OF INTEREST 33 COMPLIANCE WITH THE LAW AND FINANCIAL CRIME 34 DATA PROTECTION 35 TERMINATION 36 EFFECT OF TERMINATION OR NON-RENEWAL TRANSFER FROM ONE UNDERWRITING YEAR OF ACCOUNT TO THE NEXT 37 37A GENERAL INTERPRETATION 38 ENFORCEABILITY CLAUSE 39 RIGHTS OF THIRD PARTIES 40 SEVERAL LIABILITY 41 JURISDICTION AND GOVERNING LAW 42 This Binding Authority Agreement, the Schedule and table of security attached hereto and any endorsements hereon (‘the Agreement’) is made by and between the Underwriting Members of Lloyd’s whose syndicate numbers and proportions are shown in the attached table of security (‘the Underwriters’), and the Coverholder whose name and address is stated in the Schedule (‘the Coverholder’). Subject to Section 36, all communications and settlements between the Coverholder and the Underwriters shall be made via the Lloyd’s Broker whose name and address is stated in the Schedule (‘the Lloyd’s Broker’).

COVERHOLDER AUTHORITY. UNDERWRITERS TO RECEIVE AGREEMENT 1 PERIOD 2 PERSON(S) RESPONSIBLE FOR OPERATION AND CONTROL 3 GRANT OF AUTHORITY 4 DELEGATION OF AUTHORITY 5 OTHER CONDITIONS, REQUIREMENTS AND/OR AMENDMENTS RELATING TO THE OPERATION OF THE AGREEMENT 6 AUTHORISED CLASS(ES) OF BUSINESS AND COVERAGE(S) 7 EXCLUDED CLASS(ES) OF BUSINESS AND COVERAGE(S) 8 TERRITORIAL LIMITATIONS 9 MAXIMUM LIMITS OF LIABILITY OR SUMS INSURED 10 PREMIUMS, DEDUCTIBLES AND EXCESSES FOR INSURANCES BOUND 11 GROSS PREMIUM INCOME LIMIT 12 PERIOD OF INSURANCES BOUND 13 AUTOMATIC OR TACIT RENEWAL OF INSURANCES BOUND 14 PREMIUM FINANCE CONTRACTS AND PREMIUM PAYMENT PLAN 15 COMMISSION(S) 16 REFUND OF UNEARNED COMMISSION(S) 17 EXPENSES 18 APPLICATION OR PROPOSAL FORMS 19 CONTRACT DOCUMENTATION 20 PROCEDURE FOR THE HANDLING AND SETTLEMENT OF CLAIMS AND PURSUIT OF RECOVERIES 21 COMPLAINTS OR PROCEEDINGS 22 RISKS WRITTEN BORDEREAU(X)/REPORTING AND AGGREGATE EXPOSURES 23 ACCOUNTING BORDEREAU(X)/REPORTING AND SETTLEMENTS 24 RECORDS, STATISTICAL INFORMATION AND AUDIT/INSPECTION 25 ADVERTISING AND PROMOTIONAL MATERIAL 26 SEPARATE BANK ACCOUNTS 27 LICENCES TAXES, LICENCE FEES, OTHER CHARGES AND TAXES DISBURSEMENTS 28 FEES AND CHARGES 29 INDEMNITY INSURANCE 30 BUSINESS CONTINUITY 31 CONFIDENTIALITY 32 CONFLICTS OF INTEREST 33 COMPLIANCE WITH THE LAW AND FINANCIAL CRIME 34 DATA PROTECTION 35 TERMINATION 36 EFFECT OF TERMINATION OR NON-RENEWAL 37 TRANSFER FROM ONE UNDERWRITING YEAR OF ACCOUNT TO THE NEXT 37A GENERAL INTERPRETATION 38 ENFORCEABILITY CLAUSE 39 RIGHTS OF THIRD PARTIES 40 SEVERAL LIABILITY 41 JURISDICTION AND GOVERNING LAW DISPUTE RESOLUTION 42 43 BINDING AUTHORITY AGREEMENT (MULTI-YEAR)‌ This Binding Authority Agreement, the Schedule and table of security attached hereto and any endorsements hereon (‘the Agreement’) is made by and between the Underwriting Members of Lloyd’s whose syndicate numbers and proportions are shown in the attached table of security (‘the Underwriters’), and the Coverholder whose name and address is stated in the Schedule (‘the Coverholder’). Subject to Section 36, all communications and settlements between the Coverholder and the Underwriters shall be made via the Lloyd’s Broker whose name and address is stated in the Schedule (‘the Lloyd’s Broker’).