PREMIUM AUDITS/ADJUSTMENTS Sample Clauses

PREMIUM AUDITS/ADJUSTMENTS. 1. Producer shall make every effort to collect any additional premiums due as a result of audit/adjustment. Producer must return audit adjustments for direct collection within twenty (20) days of receipt if unable to collect amounts due. Producer recognizes direct collection practices vary amongst Insurance Companies, and Wholesaler will relieve Producer of responsibility to pay such audit/adjustment premium only if, and to the extent Wholesaler is released from responsibility by the Insurance Carrier, but to the extent Wholesaler is not so released from responsibility Producer shall promptly pay to Wholesaler the amount due even if Producer has not collected such monies from others who may owe it. If Producer does not collect or pay the audit adjustment premium then Producer shall not be entitled to any commission on any or all of the audit/adjustment premium thereafter collected through the efforts of another.
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PREMIUM AUDITS/ADJUSTMENTS. Member shall make every effort to collect any additional premiums due as a result of audit or adjustment to policies placed for Member by General Agent and to remit such premiums due according to Section 9 of this agreement. Member acknowledges that collection procedures for audits and adjustments vary from insurer to insurer. Member shall have twenty (20) days from date on General Agent’s invoice or General Agent’s insurer’s invoice if direct-xxxx, to notify General Agent in writing of Member’s inability to collect additional premiums due as a result of audit or adjustment. If such notice is received by General Agent within the time specified, Member will be relieved of responsibility to pay the audit or adjustment but only to the extent that General Agent is released from responsibility for payment by General Agent’s insurer. To the extent that General Agent is not released from it’s payment obligation to the insurer, Member remains responsible to General Agent as defined in Section 9 of this agreement. If any audit or adjustment is returned by Member to General Agent as uncollectible, then Member shall not be entitled to any commission on any or all of the audit or adjustment thereafter collected through the efforts of the General Agent or its insurer. Audits or adjustments that are disputed by the Member or its client must be returned to General Agent, along with sufficient documentation of the dispute, within twenty (20) days from date on General Agent’s invoice or General Agent’s insurer’s invoice if direct-xxxx. General Agent will return disputed audits and adjustment to General Agent’s insurer and request that the audit or adjustment be reviewed and re-issued if necessary. Member shall remain responsible for payment of re-issued audits or adjustments as described in this section.
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Related to PREMIUM AUDITS/ADJUSTMENTS

  • EQUITY ADJUSTMENTS The parties subscribe to the principle of equal pay for work of equal value. The parties will continue to move towards the mutual goal of the Community Social Services Sector achieving the objectives set out in Sections A(1), (2) and (3) above, as follows:

  • Pay Adjustments (1) Where the rate of pay of a position or job is adjusted upwards, the employee shall be placed on the lowest step of the new pay range which will give him/her a monthly increase and the increment anniversary shall be that date.

  • Budget Adjustments The Grantee shall submit the Budget Adjustment Request [TJJD-FIS-304] to the Department for any adjustment to the original budget. The Grantee must receive written or electronic approval from the Department prior to expending the funds.

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • Wage Adjustments If the funding available to be used for wages provided by Government in any fiscal year increases, the Employer shall pass on such increases to employees consistent with the funding increase adjusted for any additional deficits that this contract incurs. This will be the case whether the funding increase is for the entire year or simply a portion of it, and wage increases shall be effective upon the effective date of the increased funding. Should there be no increase provided by Government, wages will be maintained at their present levels. Should there be a decrease in funding, then the Employer will maintain wages at present levels. The Employer will promptly provide the Union with any information it receives from the Government regarding funding available for wages, and the parties will meet as required to work towards cooperative resolution of any issues arising from this Government information.

  • Fee Adjustments The fixed fees and other fees expressed as stated dollar amounts in this Schedule C and in this Agreement are subject to annual increases, commencing on the one-year anniversary date of the date of this Agreement, in an amount equal to the percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter,” or a similar index should such index no longer be published, since such one-year anniversary or since the date of the last fee increase, as applicable. SCHEDULE D SPECIAL DISTRIBUTION SERVICES AND FEES Services Fees

  • CLOSING COSTS AND ADJUSTMENTS All adjustments are made as of settlement date.

  • Market Adjustments 22. Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • Price Adjustments for OGS Centralized Contracts Periodic price adjustments will occur no more than twice per year on a schedule to be established solely by OGS. Pricing offered shall be fixed for the first twelve (12) months of the Contract term. Such price increases will only apply to the OGS Centralized Contracts and shall not be applied retroactively to Authorized User Agreements or any Mini-bids already submitted to an Authorized User. Price Decreases Price decreases may be made at any time. Additionally, some price decreases shall be calculated in accordance with Appendix B, section 17, Pricing.

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