Policy Administration Sample Clauses

Policy Administration. To the extent that such transfers have not already taken place pursuant to the terms and conditions of the Coinsurance Agreement, the Company agrees to cooperate fully with the Reinsurer in the transfer of all books, records, papers or any other documents relating to such Novated Polices.

Policy Administration. Prepare, in accordance with Section 5, and deliver and maintain contracts and policies. Obtain clients' acceptance of contracts and policies. Maintain originals of all contracts and policies. Provide customer service in relation to all contracts and policies. Prepare and issue reports required by state and federal law.

Policy Administration. Forms ------------------------------------------------------------------------------------------------------------------------ I99FRAZNSA PRTF IAI - Cxl Notice-NSF AZ (Agent) Policy Administration; Forms ------------------------------------------------------------------------------------------------------------------------ I99FRAZNSC PRTF IAI - Cancel Notice-NSF AZ (Cmpny) Policy Administration; Forms ------------------------------------------------------------------------------------------------------------------------ I99FRAZNSI PRTF IAI - Cancel Notice NSF-AZ (Insrd) Policy Administration; Forms ------------------------------------------------------------------------------------------------------------------------ I99FRAZNSL PRTF IAI - Cancel Notice NSF-AZ (Lien) Policy Administration; Forms ------------------------------------------------------------------------------------------------------------------------ I99FRAZNSM PRTF IAI - Cancel Notice NSF AZ (Micro) Policy Administration; Forms ------------------------------------------------------------------------------------------------------------------------ I99FRAZNSP PRTF IAI - Cancel Notice NSF AZ (PFC) Policy Administration; Forms ------------------------------------------------------------------------------------------------------------------------ I99FRAZNSX PRTF IAI - Cancel notice NSF AZ (Adlin) Policy Administration; Forms ------------------------------------------------------------------------------------------------------------------------ I99FRBDA PRTF IAI - Balance Due Notice (Agent) Policy Administration; Forms ------------------------------------------------------------------------------------------------------------------------ I99FRBDC PRTF IAI - Balance Due Notice (Company) Policy Administration; Forms ------------------------------------------------------------------------------------------------------------------------ I99FRBDI PRTF IAI - Balance Due Notice (Insured) Policy Administration; Forms ------------------------------------------------------------------------------------------------------------------------ I99FRBDL PRTF IAI - Balance Due Notice (Lienholder) Policy Administration; Forms ------------------------------------------------------------------------------------------------------------------------ I99FRBDM PRTF IAI - Balance Due Notice (Microfilm) Policy Administration; Forms -----------------------------------------------------------------------------------------------...

Policy Administration. The Company shall provide all required, necessary and appropriate claims, administrative and other services with respect to the Policies. The Company shall use reasonable care in its administration and claims practices with respect to the Policies and in administering and performing its duties under this Agreement and such practices, administration and performance shall (a) conform with Applicable Law; (b) not be fraudulent; and (c) be no less favorable than those used by the Company with respect to other policies of the Company not reinsured by the Reinsurer.

Policy Administration. The Cedent shall administer the Policies and shall perform all accounting for such Policies. Claim settlements made by the Cedent in good faith, including compromises, shall be unconditionally binding on the Reinsurer.

Policy Administration. The Broker must aide in the fulfillment of all obligations to the Department and its Named Insureds as provided for under the policy that results from this ITB, hereby incorporated by reference. The Broker will, at a minimum: communicate with the Insurer on all changes to the policy requested by the Department; provide endorsements for changes to the policy schedule; forward premium payments to the Insurer, as appropriate; and assist in the filing of claims and claim settlement refunds. Any failure by the Broker to provide policy administration to the Department will constitute a breach of contract.

Policy Administration. The Ceding Company shall provide all required, necessary and appropriate claims, administrative and other services, including reporting under Article VII, with respect to the Reinsured Policies and the Accounts. The Ceding Company shall conduct its administration and claims practices with respect to the Reinsured Policies (a) with a level of skill, diligence and expertise that would reasonably be expected from experienced and qualified personnel performing such duties in similar circumstances, (b) in accordance with applicable Law and the terms of the Reinsured Policies, and (c) in a manner no less favorable to the Reinsurer and the Reinsured Policies than those used by the Ceding Company with respect to other policies of the Ceding Company not reinsured by the Reinsurer hereunder or other ▇▇▇▇▇▇ of the Ceding Company. The Ceding Company shall not outsource any administrative functions or claims administration to a non-affiliate with respect to the Reinsured Policies or this Agreement without the prior written consent of the Reinsurer, such consent not to be unreasonably withheld. If the Reinsurer consents to any outsourcing of any administrative functions or claims administration with respect to the Reinsured Policies or this Agreement, the Ceding Company shall secure the Reinsurer’s right to audit and inspect the party performing such outsourced services.

Policy Administration. 1 The policyholder undertakes that he/she will advise all eligible employees immediately if any reason this agreement should not be renewed or this agreement should be terminated in accordance with the provision of Article 23 above so that such eligible employees are made aware that all cover has ceased and that benefits will not be payable in respect of eligible employees or family members 2 As the purpose of the agreement is to provide cover for eligible employees and dependants, the policyholder undertakes to ensure that any revised policy wording or benefit schedule sent by the insurer to the policyholder, or any notice sent by the insurer to the policyholder relating to the cover, are issued without delay to all eligible employees 3 The policyholder shall notify group members of any change in the terms and conditions of this group policy and any endorsements The policyholder shall also notify group members of the changes in the terms and conditions of this group policy with those of any previously held policy 4 The policyholder hereby indemnifies the insurer from and against any and all costs, losses and expenses incurred by the insurer consequent upon any failure by the policyholder to discharge its obligations under this agreement 5 The policyholder shall designate a responsible person (the policy administrator) to administer this agreement in accordance with its terms and any guidance issued by the insurer from time to time and shall notify the insurer in writing, of any change in the person designated 6 The policyholder shall remain responsible for ensuring its obligations under this agreement are fully discharged notwithstanding that all or any part of those obligations are delegated to an intermediary or agent who shall be deemed to be the agent of the company 7 The policyholder shall advise the insurer immediately if it goes into liquidation or becomes bankrupt, or if an administrator or receiver or an administrative receiver is appointed in respect of all or any part of the business or assets of the company 8 The policyholder must write and inform the insurer if the insured person changes their address or occupation 9 When expense occurred for the medical condition caused by another party who is liable for the incident, and the insurer paid the claim for such expense to the insured person, thereafter the insurer exercise the subrogation right to claim against the other party for remuneration of the amount paid, and the insured person shall pro...

Policy Administration. (a) Other than as set forth in the Ceding Company Disclosure Schedule delivered to the Reinsurer in connection with the Master Transaction Agreement, the Ceding Company confirms that it has the authority to take premium rate increase actions, perform administrative activities and engage in other related activities with respect to the Reinsured LTC Policies ceded under this Agreement as contemplated herein and, as of the date hereof and as of the Effective Date, there is no restriction from any Person pursuant to any contractual arrangement or from any Governmental Authority limiting or prohibiting such action. (b) The Ceding Company shall provide or cause to be provided, including by its Affiliates, all administrative and related services with respect to the Reinsured Policies, including, without limitation, billing and collection, communications with policyholders, policy changes, claims management services and, with respect to Reinsured LTC Policies, wellness initiatives and rate increases (collectively, the “Administrative Services”). The Ceding Company agrees to and shall cause its Affiliates to perform the Administrative Services (i) in a professional and timely manner, in good faith and in accordance with industry standards and with the skill, diligence and expertise in administering long-term care and individual disability income insurance policies, as applicable, that would reasonably be expected from experienced and qualified personnel performing such duties in like circumstances, with no less than the standard of care that is applied by the Ceding Company and its Affiliates with respect to the Reinsured Policies as of the date hereof, (ii) in all material respects in accordance with the terms of the Reinsured Policies, (iii) in the case of the Reinsured Policies, in a manner consistent with the Ceding Company’s or its Affiliates’ practices, administration and performance as administrator of Other LTC Policies (taking into account any applicable differences in attained age) and the Other IDI Policies, as applicable, including those policies and procedures with respect to litigated, contested, appealed or mediated claims and with respect to completeness, diligence, accuracy, quality, timeliness, frequency, volume, amount, priority, care, responsiveness and detail, as such policies and procedures may be reasonably amended from time to time and (iv) in accordance with the terms of this Agreement and Applicable Law, including the maintenance by the Ce...