RISK SCORING Sample Clauses

RISK SCORING. IMS will use the criteria defined by Customer to score the risk and determine the appropriate product tier. Based on Customer's requirements, IMS will establish a default in the system so that if a score is generated that is outside the tier range (example provided is +100 to -100), an error message will be generated in the system. The user will be informed Customer is declining to quote the business and the reason why. The risk scoring function in the system will allow for different criteria range thresholds and automatically make point assignments by state. Additionally, an effective and expiration date will be used in the AS/400 system tables to allow changes within the state set up. Policies insuring multiple locations will generate a risk score for each location with a weighted average of the risk scores for all locations. In states allowing filing of multiple tiers within a single company, the tier rate will be applied using discounts and/or surcharges. In states requiring separate companies per tier, the rates will be calculated by applying a rate factor after the completion of premium development for the risk. Based on the weighted average risk score generated during the rating process, the risk will be placed in the appropriate product tier.
Sample 1
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RISK SCORING. IMS will use criteria defined by Customer to score the risk and determine the appropriate Issuing Company. Based on Customer's requirements, IMS will decline the risk for being outside the underwriting eligibility guidelines if a score is generated that is outside the risk score range (example provided is <0). The risk scoring function in the system will allow for different criteria range thresholds for each Authorized State and automatically make premium adjustment assignments by state based on responses to the criteria questions. Additionally, an effective and expiration date will be used in the AS/400 system tables to allow changes within the state set up. Customer has two (2) types of underwriting plans. These include:
Sample 1
RISK SCORING. All excavations carry the risk of an excavator causing damage to a buried facility. The use of KorTerra’s Risk Scoring functionality is intended to assist in identifying Tickets which may have an elevated level of risk to enable our customers to make informed decisions and best mitigate the risk of damage. A decision to perform or not perform a locate should not be based on the results of a risk score.
Sample 1

Related to RISK SCORING

  • Risk Analysis The Custodian will provide the Fund with a Risk Analysis with respect to Securities Depositories operating in the countries listed in Appendix B. If the Custodian is unable to provide a Risk Analysis with respect to a particular Securities Depository, it will notify the Fund. If a new Securities Depository commences operation in one of the Appendix B countries, the Custodian will provide the Fund with a Risk Analysis in a reasonably practicable time after such Securities Depository becomes operational. If a new country is added to Appendix B, the Custodian will provide the Fund with a Risk Analysis with respect to each Securities Depository in that country within a reasonably practicable time after the addition of the country to Appendix B.

  • Risk 16.1 With effect from the date of the Contract of Sale, solely as between the Purchaser and the Bank, the risk relating to the Property shall be that of the Purchaser as regard to loss and/or damage (full or partial) of whatsoever nature or howsoever occurring to the Property.

  • Risk Management Except as required by applicable law or regulation, (i) implement or adopt any material change in its interest rate and other risk management policies, procedures or practices; (ii) fail to follow its existing policies or practices with respect to managing its exposure to interest rate and other risk; or (iii) fail to use commercially reasonable means to avoid any material increase in its aggregate exposure to interest rate risk.

  • Compatibility 1. Any unresolved issue arising from a mutual agreement procedure case otherwise within the scope of the arbitration process provided for in this Article and Articles 25A to 25G shall not be submitted to arbitration if the issue falls within the scope of a case with respect to which an arbitration panel or similar body has previously been set up in accordance with a bilateral or multilateral convention that provides for mandatory binding arbitration of unresolved issues arising from a mutual agreement procedure case.

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