Common use of Insurance Administration Clause in Contracts

Insurance Administration. 3.1 The Broker will provide invoices and statements in support of the Call Off. 3.2 The Broker will check all insurance documentation for accuracy before issuing to the Contracting Body; this will include but not limited to the checking of statutory certificates and complete policy documents. 3.3 Subject to receipt from the Insurer, the Broker must forward any statutory certificate(s) before the policy start date from the Insurer. 3.4 Subject to receipt from the Insurer, the Broker must provide/forward complete policy documentation by the policy start date or within 30 days of inception. If the policy documentation is not available by the policy start date the Insurer must issue an Insurers produced Cover Note. 3.5 During the policy period there may be circumstances where the Contracting Body cover requirements change. Where necessary a written request to the Broker will be made to arrange with Insurers, an amendment to the policy and/or premium accordingly. The request to amend the policy shall be acknowledged by the Broker within two working days of receipt and the revised terms shall be agreed by both parties within a reasonable timeframe. 3.6 The Broker must adhere to contract certainty. 3.7 The Broker must disclose their terms of business agreement to the Contracting Body.

Insurance Administration. 3.1 8.1 The Broker will provide invoices and statements in support of the Call Offaccount. 3.2 8.2 The Broker will check all insurance documentation for accuracy before issuing to the Contracting Body; this will include but not limited to the checking of statutory certificates and complete policy documents. 3.3 8.3 Subject to receipt from the Insurer, the Broker must forward any statutory certificate(s) before the policy start date from the Insurer. 3.4 8.4 Subject to receipt from the Insurer, the Broker must provide/forward complete policy documentation by the policy start date or within 30 days of inception. If the policy documentation is not available by the policy start date the Insurer must issue an Insurers produced Cover Note. 3.5 8.5 During the policy period there may be circumstances where the Contracting Body Body’s cover requirements change. Where necessary a written request to the Broker will be made to arrange with Insurers, an amendment to the policy and/or premium accordingly. The request to amend the policy shall be acknowledged by the Broker within two working days of receipt and the revised terms shall be agreed by both parties within a reasonable timeframe. 3.6 8.6 The Broker must adhere to contract certainty. 3.7 8.7 The Broker must disclose their terms of business Business agreement to the Contracting Body.