OBLIGATIONS OF THE INSURER. The Insurer is bound to enable the Insured to exercise his/her rights provided under the Agreement on voluntary health insurance, as well as the rights defined in these General Terms and Conditions and Special Terms and Conditions. In line with the Insurance Agreement, i.e. Policy and Special Terms and Conditions, the Insurer is required to compensate a healthcare service provider or the Insured for treatment costs or a part thereof incurred due to exercising the rights under the contracted voluntary health insurance, as well as the agreed amount of pecuniary compensation, within 14 days as of the date when received complete documentation based on which the indisputable existence and scope of liability can be established. The Sum Insured specified in the Policy represents the top limit of the Insurer's obligation under the Insurance Agreement. The Insurer is entitled to request from the Insured, Policyholder or any other legal or physical entity to provide additional explanations or additional documentation in order to establish important circumstances relevant for the reported Insured Event. The Insurer is entitled to refer the Insured to a control medical examination or additional medical evaluation, by which necessary circumstances relevant for the reported insured event would be established. The costs of such evaluations are borne by the Insurer.
OBLIGATIONS OF THE INSURER. 1. The Insurer agrees to notify the Reinsurer of, and immediately to consult with the Reinsurer about, any amendment to the clauses, terms, scope or nature of the export credit transaction or of the contractual arrangements relating thereto which could affect the nature of the risks covered by the Policy.
2. The Insurer agrees to consult the Reinsurer before deciding as sole judge in the last resort what preventive measures to take or what instructions to give to his insured party if an event has occurred which may affect the nature and/or size of the risks covered or lead to a loss.
3. The Insurer agrees to pay to the Reinsurer the Reinsurance Percentage of any recovery made and retained by the Insurer after payment of a claim within 30 Business Days of the date on which the Insurer makes such recovery.
4. The Insurer agrees to supply to the Reinsurer on demand copies of all the documents in his possession relating to the transaction.
OBLIGATIONS OF THE INSURER. The Insurer shall:
11.1 investigate any insured event of which it learns and inform the Entitled Person (i.e. the Insured) of the outcome of the investigation in writing,
11.2 regularly inform the Policyholder of any insured event reported by the Insured or his/her legal successor, indicating the number of the insurance policy, and the first name, surname and personal identification number of the Insured;
11.3 inform the Policyholder of the outcome of investigation of any insured event reported, indicating the number of the insurance policy, and the first name, surname and personal identification number of the Insured,
11.4 provide the Policyholder or other authorised persons who come into contact with insurable persons and the Insured with free training,
11.5 ensure regular communication with the Policyholder, including an authorised representative.
OBLIGATIONS OF THE INSURER. Provision XIV The Insurer shall issue insurance policy or other certificates of insurance to the Applicant in a timely manner upon the execution of this contract. Provision XV The Insurer shall make verifications in a timely manner upon receipt of the Insured’s claims. Further verifications may be taken by the Insurer as reasonably necessary to deal with the complicated situations. And such various ways of making compensations as set forth when applying for the insurance shall be performed by the Insurer seriously. Provision XVI The Insurer shall have the Applicant and the Insured notified collectively and in a timely manner as of any missing and/or incomplete claim evidences and materials, which should have been submitted by the Insured hereunder. Provision XVII The Insurer shall pay in advance the amount that can be determined by the existing evidences or materials if the compensation amount cannot be determined within 60 days upon the date of receiving the notice of claim and related evidences and materials. The differences shall be made up for after the Insurer finally determines the compensation amount. Provision XVIII Upon establishment hereof, the Applicant shall be obliged to providing the faithful data when completing the Insurance Application and clarifying such relevant inquiries as raised by the Insurer. If the Applicant conceals facts deliberately or fails to perform the duty of disclosure due to gross negligence that would be enough to affect the Insurer from making the decision of whether or not to agree to accept the insurance or to raise the premium rate, the Insurer has the right to terminate the contract. If the Applicant deliberately refuses to perform the duty of disclosure, the Insurer shall not undertake to pay indemnity or insurance money for insured accident that occurs before the contract is terminated and shall not return the insurance premium. If the Applicant fails to perform the duty of disclosure due to gross negligence, thereby seriously affecting the occurrence of insured accident, the Insurer shall not undertake to pay indemnity or insurance money for the insured accident that occurs before the contract is terminated but shall return the insurance premium. The Insurer shall not cancel this Contract if it’s been aware, upon establishment hereof, of any such conditions as not having been faithfully disclosed by the Applicant; in the event of any insured accident, the Insurer shall undertake to pay either indemnity or insuran...
OBLIGATIONS OF THE INSURER. 1. The Insurer agrees to notify the Reinsurer of, and immediately to consult with the Reinsurer about, an amendment to the clauses, terms, scope or nature of the export credit transaction or of the contractual arrangements relating thereto which could affect the nature of the risks covered by the Policy.
2. The Insurer agrees to consult the Reinsurer before deciding as sole judge in the last resort what preventive measures to take or what instructions to give to its insured party if an event has occurred which may affect the nature and/or size of the risks covered or lead to a loss.
3. The Insurer agrees to pay to the Reinsurer a sum equal to that proportion of any recovery made and retained by the Insurer after payment of a claim which the Reinsurance Percentage bears to the value of the Policy, such payment to be made within 30 Business Days of the date on which the Insurer makes such recovery.
4. The Insurer agrees to supply to the Reinsurer on demand copies of all the documents in its possession relating to the transaction.
5. The Insurer agrees to consult the Reinsurer if he wishes to sell or write off a claim.
OBLIGATIONS OF THE INSURER. 1. The Insurer undertakes to pay to the Reinsurer, within 30 Business Days following receipt of the premium due under the Policy, either: i. 90 % of a sum equal to that proportion of the premium which the Reinsurance Percentage bears to the value of the Policy, or ii. such other sum as may be agreed between the Credit Insurers to represent sufficient premium to cover the risk as assessed by the Reinsurer.
2. The Insurer undertakes to notify the Reinsurer of, and immediately to consult with the Reinsurer about, any amendment to the clauses, terms, scope or nature of the export credit transaction or of the contractual arrangements relating thereto which could affect the nature of the risks covered by the Policy.
3. The Insurer undertakes to consult with the Reinsurer before deciding what preventive measures to take or what instructions to give to the Insured if an event has occurred which any affect the nature and/or size of the risks covered or lead to a loss.
4. The Insurer undertakes to pay to the Reinsurer a sum equal to that proportion of any recovery made and retained by the Insurer after payment of a claim which the Reinsurance Percentage bears to the value of the Policy, such payment to be made within 30 Business Days of the date on which the Insurer makes such recovery.
5. The Insurer undertakes to provide to the Reinsurer on demand all information on its possession relating to the transaction.
OBLIGATIONS OF THE INSURER. 10.1.1. To inform the Insured about the terms of the Agreement and Rules (such information may be provided by posting the Agreement and Rules on the Insurer's website and providing a link to them in this Agreement);
10.1.2. Within 24 hours, as soon as knowledge of the occurrence of an insurance case becomes known, to take measures to prepare all necessary documents for timely payment of insurance compensation;
10.1.3. In case of occurrence of an insurance case, make payment of insurance compensation within the time specified in this Agreement;
10.1.4. Not to disclose information about the Insured, except in cases provided by applicable law of Ukraine.
OBLIGATIONS OF THE INSURER. 6.1.1. Familiarize the Policyholder with the Insurance Rules and Terms by providing free access to them, specifically by posting them on the Insurer's website at: xxxxx://xxxx.xxxxxx/wp-content/uploads/documents/terms_insurance_flight_delay_or_cancellation_EN_15.08.2023. pdf;
6.1.2. Within 5 (five) business days from the receipt of the Policyholder's claim for insurance compensation, take measures to complete all necessary documents for timely payment of the insurance compensation;
6.1.3. Make the insurance payment in accordance with the terms of the Insurance Agreement and within the specified timeframe in the event of an insurance event. The Insurer shall bear financial liability for untimely payment of the insurance compensation by paying the Policyholder a penalty of 0.01% of the amount due for each day of delay, but not exceeding 10% of the insurance compensation amount;
6.1.4. If there are justified reasons, notify the Policyholder in writing of the refusal to make the insurance payment within 5 business days after making the decision.
OBLIGATIONS OF THE INSURER. The Insurer shall be bound only by the -------------------------- provisions and endorsements on the Policy, and any payments made or actions taken by it in accordance therewith shall fully discharge it from all claims, suits and demands of all persons whatsoever. Except as specifically provided by endorsement on the Policy, it shall in no way be bound by the provisions of this Agreement.
OBLIGATIONS OF THE INSURER. The Insurer shall issue the Policy or other certificates in a timely manner after the establishment of an insurance contract. The Insurer shall arrange its reinsurance placements according to theInsurance Law ofthe
