Insurance Applications. Any and all information provided in connection with any application for insurance subject to this Agreement shall be true and complete, to the best of Producer's knowledge. Producer further represents and warrants that, to the best of Producer's knowledge, such applications shall contain no material misrepresentations of any kind. Producer shall ensure that all material facts of which Producer is aware are accurately described and completely disclosed to Broker. Further, it is the duty of the Producer to notify Broker, promptly after Producer becomes aware, of any material change(s) that may affect the risk during the policy period and at any subsequent renewal.
Insurance Applications. Any and all information provided in connection with any application for insurance subject to this Agreement shall be true and complete, to the best of Broker's knowledge. Broker further represents and warrants that, to the best of Broker's knowledge, such applications shall contain no material misrepresentations of any kind. Broker shall ensure that all material facts of which Broker is aware are accurately described and completely disclosed to American Specialty. Further, it is the duty of Broker to notify American Specialty, promptly after Broker becomes aware, of any material change(s) that may affect the risk during the policy period and at any subsequent renewal.
Insurance Applications. Any and all information provided in connection with any application for insurance subject to this Agreement shall be true and complete. Producer further represents and warrants that such applications shall contain no material misrepresentations of any kind. Producer shall ensure that all material facts are accurately described and completely disclosed to Broker. Further, it is the duty of the Producer to make Broker aware of any material changes affecting the risk during the policy period and at any subsequent renewal.
Insurance Applications. Any and all information provided in connection with any application for insurance subject to this Agreement shall be true and complete, to the best of Producer’s knowledge. Producer further represents and warrants that, to the best of Producer's knowledge, such applications shall contain no material misrepresentations of any kind. Producer shall ensure that all material facts of which Producer is aware are accurately described and completely disclosed to Orchid. Further, it is the duty of Producer to notify Orchid, promptly after Producer becomes aware, of any material change that may affect the risk during the policy period and at any subsequent renewal. This obligation shall survive termination of this Agreement.
Insurance Applications. Should the RESIDENT fail or neglect to arrange for Health Insurance coverage, the RESIDENT hereby authorizes NEWBURY COURT to make application but without the obligation to do so, for such Health Insurance on his or her behalf, to pay any premiums required to obtain such Health Insurance, and to bill the cost of such Health Insurance to the RESIDENT on his or her monthly statement.
Insurance Applications. One of the main benefits for iContracts automation for complex projects relates to insurance premiums. In general, by having better risk predictions, insurance can be provided with more accuracy and the premiums calculated more realisti- cally. This has a direct effect on the operational expenses of organisations. It also has an effect on the policy choices they make (e.g., by being able to better measure contract risk for achieving policy-making). Indeed, in such projects where there are often complex contractor and sub-contractor relationships, the main contract ends up bearing the major risks; by improving iContracts from the perspective of risk management, there are added benefits for the main con- tractors. Insurance premiums are usually flexible in larger projects. In smaller projects they are calculated on the basis of general market standards. By calculating in greater detail the specific level of risk for each agreement, the opportunity rises to assign a tailored insurance premium for smaller projects. For instance, if an accident occurs (also known as ”occurrence” in insurance) a claim is initi- ated. With iContracts it is possible (1) to locate the case of the occurrence faster and with a higher accuracy and (2) to determine the decision on a claim with a higher degree of validity.
Insurance Applications. A principal on unpaid leave is eligible to continue to participate in group insurance programs if permitted under the insurance policy provisions. The principal shall pay the entire premium for such insurance commencing with the beginning of the leave, and shall pay to the School District the monthly premium in advance.
Insurance Applications. An employee who is on any type of leave described in this Article is eligible to continue to participate in group insurance programs if permitted under the insurance policy provisions. The employee shall pay the entire premium for such insurance commencing at the beginning of the leave, and shall pay to the District the monthly premium in advance.
