Common use of Policy Administration Clause in Contracts

Policy Administration. For all policies that Vendor serves as Agent of Record, Vendor shall assist with all billing, invoicing, policy endorsements, and claims filing. Within three (3) business days of Citizens’ request, Vendor shall provide Citizens with a written schedule detailing all of Citizens’ policies in force, the corresponding coverage amounts, deductibles, premiums paid, and claims incurred, (“Schedule of Policies in Effect”). Within three (3) business days of Citizens’ request, Vendor shall provide a detailed report of all losses incurred by Citizens by policy type, (a “Loss Run Report”). Vendor shall assist with initiating and filing a claim with all appropriate insurers promptly after such loss is reported to Vendor by Citizens. Vendor shall use its best efforts to assist Citizens’ Contract Manager to fully investigate the claim and to develop documentation of the cost impact of the claim. As requested by Citizens’ Contract Manager, Vendor shall continue to assist in the presentation to, investigation by, and settlement of the claim with any insurers.

Policy Administration. For all policies that Vendor serves as Agent of Record, Vendor shall assist with all billing, invoicing, policy endorsements, and claims filing. Within three (3) business days days’ of Citizens’ request, Vendor shall provide Citizens with a written schedule detailing all of Citizens’ policies in force, the corresponding coverage amounts, deductibles, premiums paid, and claims incurred, (“Schedule of Policies in Effect”). Within three (3) business days of Citizens’ request, Vendor shall provide a detailed report of all losses incurred by Citizens by policy type, (a “Loss Run Report”). Vendor shall assist with initiating agrees to initiate and filing file a claim with all appropriate insurers promptly after such loss is reported to Vendor by Citizens. Vendor shall will use its best efforts to assist Citizens’ Contract Manager to fully investigate the claim and to develop documentation of the cost impact of the claim. As requested by Citizens’ Contract Manager, Vendor shall will continue to assist in the presentation to, investigation by, and settlement of the claim with any insurers.