Common use of INSURANCE PREMIUMS AND CLAIMS Clause in Contracts

INSURANCE PREMIUMS AND CLAIMS. 6.1 The Intermediary will hold all insurance monies, including premiums it receives from clients and all return premiums and claims money that it receives from the Insurer, as agent of the insured client unless clause 6.2, below, is applicable. The Intermediary shall not hold any money on behalf of the Coverholder.

Appears in 4 contracts

Samples: Terms of Business Agreement, Terms of Business Agreement, Terms of Business Agreement

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