Risk Transfer. The Agent shall act as the Cover Holder’s agent for the purposes of receiving premiums and refunds (including premiums received for renewals and mid- term adjustments) from clients and the Cover Holder will bear the credit risk for all such monies received by the Agent on the Cover Holder’s behalf subject to 8.5 above, i.e. Risk Transfer applies.
Appears in 4 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
