Insurance Products Clause Samples
The 'Insurance Products' clause defines the types of insurance policies or coverage that are required or relevant under the agreement. It typically specifies which parties must obtain insurance, the minimum coverage amounts, and the acceptable types of insurance, such as general liability, professional indemnity, or property insurance. By clearly outlining these requirements, the clause ensures that all parties are adequately protected against potential risks and liabilities that may arise during the course of the contract.
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Insurance Products. We or our affiliates may tell you about insurance and non-insurance products, services or features that may have a fee. One of our affiliates may act on behalf of a provider of these products. The affiliate may be compensated for this. The insurance products are not offered or sold by us or on our behalf. Our affiliates may get additional compensation when AMEX Assurance Company or another affiliate is the insurer or reinsurer. Compensation may influence what products and providers we or our affiliates tell you about. We may share information about you with our affiliates so they can identify products that may interest you. We may be compensated for this information. Changing benefits: We have the right to add, modify or remove any benefit, feature or service included with or related to your Account at our discretion.
Insurance Products. The companies of the Target Group are not party to any active distribution contracts with regard to the distribution of insurance products from Third Parties.
Insurance Products. (Other than for the Vehicle) Where applicable, at the express request of the Hirer, the Owner has agreed to finance the premium for Insurance Products. Given as such, the Hirer expressly agrees and undertakes to pay the Owner the amount incurred in providing such financing including any term and charges or any other further costs, where applicable, incurred pursuant thereto. As a separate and independent stipulation the Hirer undertakes to indemnify the Owner for any loss or expense suffered or incurred by the Owner as a result of agreeing to the Hirer's aforesaid request to finance the Insurance Products. Where the Insurance Product is under the Life Insurance Scheme: (a) a Master Policy Contract shall be entered into between AmMetLife Insurance Berhad (197301002252)/ AmMetLife Takaful Berhad (201101002936) as the insurer and the Owner as the policy owner; (b) a Certificate of Assurance shall be issued by AmMetLife Insurance Berhad (197301002252) )/ AmMetLife Takaful Berhad (201101002936) in the name of the Hirer as the insured and the Owner as the policy owner; (c) the Hirer shall be insured subject to the terms and conditions in the said Master Policy Contract and the Certificate of Assurance; and (d) any payment received by the Owner from the insurer shall be applied towards payment of the Amount Due. In the event of any early cancellation or termination of any of the Insurance Products by the insurer, no value for such Insurance Product shall be given by the Owner to the Hirer. The Hirer confirms that the Hirer has read and understood the terms and conditions of the said Insurance Products and agrees to be bound by such terms and conditions. It is hereby expressly agreed that the Owner shall not in any manner whatsoever be liable or responsible for the said Insurance Products and any claim(s) of the Hirer therein.
Insurance Products. The Directing Party may direct the Trustee in writing to invest assets of the Trust in insurance products of all kinds authorized under the Plan, including but not limited to: group or individual insurance contracts, annuity contracts, and guaranteed investment contracts, provided however that such contracts are issued by an insurance company or companies qualified to do business in more than one state. The Directing Party shall have the sole responsibility for and shall direct the Trustee with respect to such insurance products. The investment in, valuation of, and management and disposition of these insurance products shall be the sole responsibility of the Directing Party, and the Trustee shall follow their directions with respect to such insurance products and shall have no liability therefore.
Insurance Products. Employees shall receive a fifty (50) percent reduction on commission charged upon personal lines insurance policy purchased from HG Insurance Agencies Ltd. For the purposes of this clause, personal lines are defined as policies which cover the employee’s primary residence, recreational vehicles, motor homes, campers and boats, but does not include rental properties or any vehicles normally covered by ICBC. The above (d) and (f) are effective the date of ratification.
Insurance Products. 35 Insured(s)..................................................................36
Insurance Products. Eligible individuals may apply for insurance products through the Site. Insurance products are only available to people in those jurisdictions in which they may be legally sold. By applying for insurance products through the Site, you are agreeing to (i) designate us as your agent of record, (ii) authorize us to communicate such designation to any insurance carrier, your prior insurance producer, and any other person or entity we determine should be advised, and (iii) permit us to receive any compensation that any insurance carrier agrees to pay to us in connection with your purchase of insurance products. With respect to any insurance product, if any term or condition of these Terms differ from the terms and conditions of the policy, the policy’s provisions will control. With respect to the insurance products offered through the Site, you may report any complaints to the insurance regulator in your state. Contact information for state insurance regulators in the United States may be found at ▇▇▇.▇▇▇▇.▇▇▇.
Insurance Products. (i) Each of the Insurance Contracts that is a life insurance contract qualifies as a “life insurance contract” under Section 7702 of the Code.
(ii) Except for Insurance Contracts issued under annuity contract forms that were issued to a Person that was not a “natural person” (within the meaning of Section 72(u) of the Code) and that do not otherwise qualify within the exceptions set forth in Section 72(u) of the Code or the “grandfathering” rules thereunder, the Insurance Contracts that are annuity contracts qualify as “annuities” under Section 72 of the Code.
(iii) None of the Insurance Contracts is a “modified endowment contract” within the meaning of Section 7702A of the Code, except for those Insurance Contracts that are being administered as “modified endowment contracts” and with respect to which the holder of the Insurance Contract has been notified in writing of the status of such Insurance Contracts as a “modified endowment contract” under Section 7702A of the Code.
(iv) Each of the Transferred Companies and the insurance company that issued any Insurance Contract has complied in all material respects with all Tax reporting, withholding, and disclosure requirements that are applicable to such Insurance Contract and, in particular, has reported distributions under such Insurance Contracts substantially in compliance in all material respects with all applicable requirements of the Code, Treasury Regulations and forms issued by the IRS.
(v) Neither the Transferred Companies, any insurance company that issued any Insurance Contract nor any Seller Party has entered into any agreement, or otherwise requested relief, with the IRS regarding the failure of any Insurance Contract to meet the requirements of applicable Law, including Sections 72, 101, 401 through 409A, 412, 415, 417, 457, 817, 7702 and 7702A of the Code and any Treasury Regulations and administrative guidance issued thereunder, as applicable to such Insurance Contracts. Except as set forth in Section 3.17(i)(v) of the Seller Disclosure Letter, neither the Insurance Subsidiaries, any insurance company that issued any Insurance Contract nor any Seller Party is party to any “hold harmless,” Tax sharing or indemnification agreement with any party regarding the Tax treatment of the Insurance Contracts or any plan or arrangement in connection with which such Insurance Contracts were purchased or have been administered. In addition, neither the Insurance Subsidiaries nor any Seller Party is a party...
Insurance Products. No fees will be charged for the arrangement of protection products if a commission is received from the provider. Commissions are paid for from the charges levied by providers. An illustration will be provided prior to any agreement to proceed.
Insurance Products. 3.1 We may make available to our customers various insurance products issued by well known insurance companies. However, in making available such insurance and insurance products we do not underwrite, administer, or issue insurance policies. We do not make any representations or warranties as to the suitability, satisfactory cover or performance of such products. We therefore take no responsibility, liability or obligation in respect of such insurance products. Whilst our representatives may be available to discuss the products offered, customers are expected to assess for themselves the suitability, values and benefits of such insurance products to make the necessary decisions and to assume full responsibility for their decisions.
3.2 In making available such insurance products for our customers we simply provide access to such products. We do not issue or administer the insurance policies, insurance cover or any other aspect of the insurance products nor do we handle or process any claims or entitlements under the insurance policies. These responsibilities and obligations are exclusively those of the insurance companies issuing the insurance products.
3.3 We may, from time to time, change the insurer underwriting the Insurance product (s) at our sole discretion.
3.4 You will pay our fees (if any and as disclosed) for the insurance services rendered to you. You recognize that we or our affiliates, group companies and our sales personnel may earn or receive fees, commissions or compensation from the insurance companies providing the products.