SEPARATE BANK ACCOUNTS. 27.1 All monies received by the Coverholder from or on behalf of the Underwriters shall be received by the Coverholder in a fiduciary capacity and:
SEPARATE BANK ACCOUNTS. 23.1 All monies received by the Service Company Coverholder from or on behalf of the Underwriters shall be received by the Service Company Coverholder in a fiduciary capacity and:
SEPARATE BANK ACCOUNTS. The Manager will maintain separate bank accounts and books of account from those of the Issuer and of the Lessor. The Manager shall not conduct business in the name of the Issuer or the Lessor except when acting as an agent and identifying itself as such.
SEPARATE BANK ACCOUNTS. The Couple will need to decide if they will maintain separate bank accounts or combine their bank accounts. If each Partner will maintain his or her own bank account and will deny the other access to it, then select the first checkbox. (14)
SEPARATE BANK ACCOUNTS. The Manager will maintain separate bank accounts and books of account from those of Owner. Manager shall not conduct business in the name of Owner except when acting in the name of Owner as agent and identifies itself as such.
SEPARATE BANK ACCOUNTS. All monies received or payable by the Coverholder, from or on behalf of the Underwriters, shall be:-
SEPARATE BANK ACCOUNTS. The Borrower agrees to maintain an account with the Lender into which all proceeds of the Loan shall be deposited and against which checks shall be drawn only to pay the items set forth in the Approved Budget.
SEPARATE BANK ACCOUNTS. Where the Service Company Coverholder handles 'monies in transmission' only (i.e. does not hold or retain monies, for example, in order to establish or maintain a claims fund) such monies must be held in a separate bank account set apart for insurance monies (i.e. premiums, return premiums and claims monies). For the sake of clarity, this means that it must be held separately from the general and operating accounts of the Service Company Coverholder, but may be co-mingled with insurance monies from other insurers. In contrast, where the Service Company Coverholder holds or retains monies (for example to establish or maintain a claims fund), such monies must be held in accordance with the Lloyd’s Premium Trust Deed. Details can be obtained from Lloyd’s.
