Policy Renewals Sample Clauses

The Policy Renewals clause outlines the terms and procedures for extending an insurance policy beyond its original expiration date. Typically, it specifies the conditions under which a policyholder may renew coverage, such as timely payment of premiums or compliance with certain requirements, and may detail whether renewal is automatic or requires action by the insured. This clause ensures continuity of coverage and provides clarity on the steps needed to maintain insurance protection, thereby preventing unintentional lapses in coverage.
Policy Renewals. InsureZone shall endeavor to give Producer 90 days’ notice of expiration of any policies of insurance, which Producer, from time to time, procures through InsureZone.
Policy Renewals. AgentSecure shall endeavor to give Producer 90 days notice of expiration of any policies of insurance, which Producer, from time to time, procures through AgentSecure.
Policy Renewals. Following receipt of an existing insurance carrier's proposal for renewal of an insurance contract, the Committee shall: (a) examine and analyze the proposal, assessing the completeness, fairness and validity of the proposal; (b) assess the funding methods employed in the insurance policy; (c) assess and monitor the deposit accounts; (d) suggest and discuss alternative proposals and funding methods with the carrier; and (e) make recommendations to the CEC with respect to acceptance of the carrier's renewal proposals, funding methods and deposit account administration. The basis for recommendations for renewal will take into account the level of service provided by the carrier and the expected long term net cost of benefits.
Policy Renewals. Borrower shall provide proof that policies of insurance required herein expiring, or cancelled, during the term of this Agreement have been renewed or replaced with other policies providing at least the same coverage. Such proof will be furnished at least two weeks prior to the expiration of the coverages, or immediately for any policy being cancelled.
Policy Renewals. A Following receipt of an existing insurance carrier's proposal for renewal of an insurance contract, the Committee shall: examine and analyzethe proposal, assessingthe completeness,fairness and validity of the proposal; assess the funding methods employed in the insurance policy; assess and monitor the deposit accounts; and discuss alternative proposals and funding methods with the carrier; and make recommendations to the College Compensation and Appointments Council with respect to acceptance of the carrier's renewal proposals,funding methods and deposit account administration. A The Committee will also meet as required to review the financial experience under the plans. The specificationsfor tender will describe the information to be included in the financial statements to be prepared by the insurance These statementswill include paid premiums, paid claims, changes in reserve requirementsfor open and for unreported claims, incurredclaims, the retentionelements of commissions, taxes, administrative expenses, contingency reserve charges and interest credits on claim and other reserves. The Committee shall request the insurance to provide such additional information as may be necessary.
Policy Renewals. A Following receipt of an existing insurance carrier's proposal for renewal of an insurance contract, the Committee shall: B The basis for recommendations for renewal will take into account the level of service provided by the carrier and the expected long-term net cost of the benefits. Experience Review
Policy Renewals. Following receipt of an existing insurance carrier's proposal for renewal of an insurance contract, the Committee shall:
Policy Renewals. Followingreceipt of an existing insurancecarrier’s proposal renewal of an insurance contract, the Committee shall: (a) examine and analyzethe proposal, assessingthe complete- ness, fairness and validity of the proposal: assess the funding methods employed in the insurance policy; assess and monitor the deposit accounts; suggest and discuss alternative proposals and funding methods with the carrier; and
Policy Renewals. Consultant shall provide proof that policies of insurance required herein expiring, or cancelled, during the term of this Agreement have been renewed or replaced with other policies providing at least the same coverage. Such proof will be furnished at least two weeks prior to the expiration of the coverages, or immediately for any policy being cancelled.