Settlement Authority. The Recipient will not enter into a settlement of any Proceeding against any of the Indemnified Parties unless the Recipient has obtained from the Province or Canada, as applicable, prior written approval or a waiver of this requirement. If the Recipient is requested by the Province or Canada to participate in or conduct the defence of any Proceeding, the Province or Canada, as applicable, will cooperate with and assist the Recipient to the fullest extent possible in the Proceeding and any related settlement negotiations.
Settlement Authority. The Recipient will not enter into a settlement of any proceeding against any Indemnified Parties unless the Recipient has obtained the prior written approval of the Province. If the Recipient is requested by the Province to participate in or conduct the defence of any proceeding, the Province will co-operate with and assist the Recipient to the fullest extent possible in the proceeding and any related settlement negotiations.
Settlement Authority. No settlement of any such claim shall be made by Contractor without TFC’s prior written approval.
Settlement Authority. For the purpose of settling claims, the host incident agency as well as the Montana DNRC has the authority to settle claims under this agreement. CLAUSE 15. Changes: Changes to Montana DNRC Incident Rental Agreement (MTDNRC IRA’s), may only be made by the original signing DNRC official. If the original signing official is not available and adjustments are deemed appropriate, a new MTDNRC XXX shall be executed at the incident and shall be applicable only for the duration of that incident. The agreement will include name and location of the incident.
Settlement Authority. The Ceding Company shall have full authority to determine liability on any Claim reinsured hereunder and may settle losses as it deems appropriate, but in so doing it shall act with the skill and diligence commonly expected from qualified personnel performing such duties for U.S. life insurance companies and consistent with the Ceding Company’s Then Current Practice.
Settlement Authority. If the contract permits the MGA to settle claims on behalf of the insurer:
A. All claims must be reported to the insurer in a timely manner; [PL 1997, c. 573, §1 (NEW); PL 1997, c. 573, §2 (AFF).]
B. A copy of the claim file must be sent to the insurer at its request or as soon as it becomes known that the claim:
(1) Has the potential to exceed an amount determined by the superintendent or exceeds the limit set by the insurer, whichever is less;
(2) Involves a coverage dispute;
(3) May exceed the MGA's claims settlement authority;
(4) Is open for more than 6 months; or
(5) Is closed by payment of an amount awarded as a result of a judicial proceeding or an amount set by the insurer, whichever is less; [PL 1997, c. 573, §1 (NEW); PL 1997, c. 573, §2 (AFF).]
C. All claim files must be the joint property of the insurer and MGA; except that, upon an order of liquidation of the insurer, the files become the sole property of the insurer or its estate. The MGA must have reasonable access to and may copy the files on a timely basis; and [PL 1997, c. 573, §1 (NEW); PL 1997, c. 573, §2 (AFF).]
D. Any settlement authority granted to the MGA may be terminated for cause upon written notice by the insurer to the MGA or upon the termination of the contract. The insurer may suspend the settlement authority during the pendency of any dispute regarding the cause for termination. Upon termination of the MGA's authority to settle claims, the MGA shall desist from any draw on funds of the insurer and shall immediately forward to the insurer all claims files with the MGA's immediate possession and any claims received thereafter. The MGA shall promptly transfer to the insurer any funds owed to the insurer or to any policyholder and shall transfer to the insurer any property of the insurer that is within the MGA's actual or constructive possession. [PL 1997, c. 573, §1 (NEW); PL 1997, c. 573, §2 (AFF).] [PL 1997, c. 573, §1 (NEW); PL 1997, c. 573, §2 (AFF).]
Settlement Authority. Request for settlement authority shall be made no less than thirty
Settlement Authority. Each individual signing this Settlement Agreement on behalf of a Settling Party hereby certifies that such individual has been duly authorized to bind such Settling Party to this Agreement by signing it.
Settlement Authority. 1. No agreement shall be authorized involving liability, or potential liability, of PRISM without the advance written consent of PRISM. The member shall be notified of any settlement request submitted to PRISM.
2. The third party administrator shall obtain the Member’s authorization on all settlements or stipulations in excess of the settlement authority provided in any provision of the individual contract between the Member and the claims administrator.
3. Proof of settlement authorization(s) shall be maintained in the claim file.
Settlement Authority. The Firm retains the absolute right, at the time of the Firm’s choice, to pay the Client the amount otherwise due to the Client were the debt being collected in full at said time and settle the case. This part specifically pertains to, contemplates and authorizes, if desired by the Firm, the compromise of the attorneys fees payable to the Firm to induce settlement. The Firm also retains the right to purchase the debt being collected from the Client at any time by paying the Client a like amount and in which event the Client agrees to immediately execute such documentation as is appropriate to transfer ownership of the debt to the Firm. LEVY If a levy is commenced by the Firm the Client is entitled to the benefit of the competitive bidding process otherwise contemplated by the Sheriff’s levy and sale protocols provided for by Florida Statutes, Chapter 56. If a levy is commenced with costs advanced by the Firm, however, and there are no bidders at the levy sale, the Firm shall absolutely and exclusively be entitled to bid, as judgment credit, its advanced costs ahead of the Client’s judgment. If bidders do attend the Firm shall have the absolute and exclusive right to bid, after exhausting an amount equal to the cost deposit, with so much of the Client’s judgment as and if the Firm deems appropriate to acquire the item being levied upon, but within thirty (30) business days after the conclusion of the sale the Firm shall pay the Client a sum equal to the Client portion (60%) of the judgment amount used to bid. In such event, however, since the Firm will be making any such bids in the name of the Client as judgment holder, the Client agrees, upon receipt of the Client portion of the bid amount as referred to above, to immediately execute any and all documentation as is appropriate to transfer ownership of the item levied upon to the Firm.
