SURPLUS LINES INSURANCE Sample Clauses

SURPLUS LINES INSURANCE. 3.1. Producer shall not place an order with SYNCHRONOSURE for any excess or surplus lines insurance unless: 3.1.1. Producer shall have first complied with any applicable state laws rules or regulations requiring the Producer to attempt to procure such insurance from insurers authorized to do business in that State(s); 3.1.2. The Producer is properly licensed to conduct excess or surplus lines business in that State(s). 3.2. The Producer is responsible for collection and payment of surplus lines taxes and shall also be responsible for compliance with all relevant surplus lines laws of the pertinent State(s), including (as applicable) but not limited to, the collection and timely payment of surplus lines taxes, filing affidavits or certifications, advising the Insured, providing statutory and/or regulatory disclosures, obtaining signed disclosure forms, filing documentation to stamping authorities, signing policy documents, statutory or regulatory reporting relating to surplus lines business conducted by Producer, and retaining all necessary information and documents in the appropriate manner and for the appropriate periods as defined by State laws rules and regulations (and in no event less than 5 years). 3.3. For any excess or surplus lines business placed with SYNCHRONOSURE by Producer, Producer warrants and represents that it has complied and will comply with Sections 3.1 and 3.2 above and will indemnify defend and hold harmless SYNCHRONOSURE and the relevant Insurer from any loss, fine, sanction, penalty, claim, liability, damage and expense (including attorney's fees and expenses of litigation) howsoever arising from Producer’s failure to comply with its obligations under Sections 3.1 and 3.2 above. 3.4. If requested, Producer will provide promptly to SYNCHRONOSURE evidence of compliance in accordance with Sections 3.1 and 3.2 above. SYNCHRONOSURE reserves the right to withhold payment of any commission otherwise payable under Section 4 until receipt of satisfactory evidence. Provision of evidence by Producer and any consequent decision by SYNCHRONOSURE to release commission in accordance with this Section 3.4 shall have no bearing on and will not give rise to any waiver forbearance estoppel or other limitation or restraint on or otherwise prejudice SYNCHRONOSURE’s right to rely upon and enforce the indemnity in Section 3.3 above in full. 3.5. In the event that SYNCHRONOSURE elects to xxxx Insureds directly in accordance with Section 6 below, SYNCHRONO...
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SURPLUS LINES INSURANCE. Producer shall not place an order with CRC for any excess or surplus lines insurance unless Producer shall have first complied with any applicable state laws requiring the Producer to attempt to procure such insurance from insurers authorized to do business in that State(s) and the Producer is properly licensed in that State(s). The party responsible for the payment of surplus lines taxes shall also be responsible for full compliance with all relevant surplus lines laws of the pertinent State(s), including but not limited to, the collection and payment of surplus lines taxes, filing of affidavits, and providing the appropriate statutory and/or regulatory disclosure legends on all documents. Where CRC is responsible for filing surplus lines taxes all required forms, documents and paperwork must be provided by Producer to CRC in a timely manner to allow for the prompt filing of the surplus lines taxes.
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SURPLUS LINES INSURANCE. Producer shall not place an order with Company for any excess or surplus lines insurance unless: (i) Producer shall have first complied with any applicable state laws requiring the Producer to attempt to procure such insurance from insurers authorized to do business in that State(s), (ii) Producer shall retain and provide Company with evidence of such declination and any other documentation evidencing compliance with applicable laws, and (iii) the Producer is properly licensed in such State(s) where the insured is domiciled or in which coverage is provided as required by applicable law. The party responsible for the payment of surplus lines taxes shall also be responsible for compliance with all relevant surplus lines laws of the pertinent State(s), including but not limited to, the collection and payment of surplus lines taxes, filing of affidavits, and providing the appropriate statutory and/or regulatory disclosure legends on all documents. Where Company is responsible for filing surplus lines taxes all required forms, documents and paperwork must be provided by Producer to Company in a timely manner to allow for the prompt filing of the surplus lines taxes.
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SURPLUS LINES INSURANCE. If Producer is a licensed surplus lines broker and submits a risk for placement on a non-admitted (surplus lines) basis, Producer shall automatically be deemed the surplus lines broker of record. In this instance, Producer is responsible for the payment of surplus lines taxes and fees and shall also be responsible for full compliance with all relevant surplus lines laws of the pertinent State, including but not limited to, the collection and payment of surplus lines taxes, filing of affidavits, and providing the appropriate statutory and/or regulatory disclosure legends on all documents. If Producer does not possess a surplus lines license, AWIS shall be the surplus lines broker of record and be responsible for the collection and payment of all applicable surplus lines taxes and fees, as well as all surplus lines filings as required under applicable laws and regulations.
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SURPLUS LINES INSURANCE. Producer shall not place an order with LRS for any excess or surplus lines Insurance unless Producer shall have first complied with any applicable state laws requiring the Producer to attempt to procure such insurance from Insurers authorized to do business in the state of residence of the proposed Insured. Then party responsible for the payment of surplus lines taxes shall also be responsible for full compliance with all relevant surplus lines laws of the relevant state, including but not limited to, the collection and payment or surplus lines taxes, filing of affidavits, and providing the appropriate statutory and/or regulatory disclosure legends on all documents.
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SURPLUS LINES INSURANCE. Producer shall not place an order with TUMI for any excess or surplus lines insurance unless Producer shall have first complied with any applicable state laws requiring the Producer to attempt to procure such insurance from insurers authorized to do business in the State of residence of the proposed Insured. The party responsible for the payment of surplus lines taxes shall also be responsible for full compliance with all relevant surplus lines laws of the pertinent State, including but not limited to, the collection and payment of surplus lines taxes, filing of affidavits, and providing the appropriate statutory and/or regulatory disclosure legends on all documents.
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SURPLUS LINES INSURANCE. You shall not place an order with Company for surplus lines insurance unless you first complied with any applicable state laws surrounding surplus lines insurance placement. Company is responsible for filing surplus lines taxes, all required forms, documents and paperwork must be provided by you to Company in a timely manner to allow for the prompt filing of the surplus lines taxes.
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SURPLUS LINES INSURANCE. Producer shall not place an order with NW IS for any excess or surplus lines insurance unless Producer shall have first complied with any applicable state laws requiring the Producer to attempt to procure such insurance from insurers authorized to do business in the State of residence of the proposed Insured. The party responsible for the payment of surplus lines taxes shall also be responsible for full compliance with all relevant surplus lines laws of the pertinent State, including but not limited to, the collection and payment of surplus lines taxes, filing of affidavits, and providing the appropriate statutory and/or regulatory disclosure legends on all documents.
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SURPLUS LINES INSURANCE. Producer shall not place an order with Sterling Surplus for any excess or surplus lines insurance unless Producer shall have first complied with any applicable state laws requiring the producer to attempt to procure such insurance from insurers authorized to do business in the State of residence for the proposed Insured. Unless agreed otherwise, Sterling Surplus will be responsible for the payment of surplus lines taxes and shall also be responsible for full compliance with all relevant surplus lines laws of the pertinent State, including but not limited to, the collection and payment of surplus lines taxes, filing of affidavits, and providing the appropriate statutory and/or regulatory disclosure legends on all documents.
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Related to SURPLUS LINES INSURANCE

  • Group Insurance All employees covered by this Agreement shall receive the same group insurance benefits as provided to other County employees in accordance with the County Benefit Program.

  • Business Insurance The Transaction Entities and their respective subsidiaries carry or are entitled to the benefits of insurance, with financially sound and reputable insurers, in such amounts and covering such risks as is generally maintained by companies of established repute engaged in the same or similar business, and all such insurance is in full force and effect. Neither of the Transaction Entities has any reason to believe that it or any of their respective subsidiaries will not be able to (A) renew, if desired, its existing insurance coverage as and when such policies expire or (B) obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not reasonably be expected to, singly or in the aggregate, result in a Material Adverse Effect.

  • Maintenance of Insurance Policies The Servicer shall, in accordance with its customary practices, policies and procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the execution of the related Receivable. The Servicer shall, in accordance with its customary practices, policies and procedures, track such physical damage insurance with respect to each Receivable.

  • Umbrella Insurance During the term of this Contract, Supplier will maintain umbrella coverage over Employer’s Liability, Commercial General Liability, and Commercial Automobile. Minimum Limits: $2,000,000

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Risk of Loss; Insurance a) The State shall not be liable to Contractor for any risk of Deliverable loss or damage while Deliverable is in transit, or while in the Department’s possession, except when such loss or damage is due directly to the Department’s negligence or intentional misconduct. Nothing in this Section is intended nor shall it be construed, in any manner, as waiving or compromising the sovereign immunity of the State. b) Throughout the Term, Contractor shall maintain, at Contractor’s sole cost and expense, a policy or policies of commercial general liability insurance, including contractual liability coverage, in an amount not less than $1,000,000.00 for all damages arising out of bodily injuries to, or death of, all persons and injuries to or destruction of property, in any one accident or occurrence, and, subject to that limit per accident, a total (or aggregate) limit of $2,000,000.00 per occurrence for all damages arising out of bodily injuries to, or death of, all persons and injuries to or destruction of property per policy period. Such insurance policy or policies shall name the State and State’s officials, agents and employees as additional insureds. Contractor shall provide the State a certificate of insurance evidencing the above coverage upon written request on an annual basis and shall not begin performance of the Services until such a certificate has been provided to DAS and, if requested, the Department. c) During the Term, and for a period of three (3) years thereafter, the Contractor shall carry Professional Liability Insurance in the amount of $1,000,000 per Claim and Annual Aggregate. Contractor shall provide the State a certificate of insurance evidencing such Professional Liability Insurance coverage upon written request on an annual basis and shall not begin Performance of the Services until such a certificate has been provided to the Department. d) All insurance with the exception of the professional liability insurance required under (c) above must be written on an occurrence basis as opposed to “claims made” basis.

  • Policies of Insurance At City’s request, the Artist shall provide City with the actual policies providing the coverage required above.

  • Fire Insurance The LESSEE shall not permit any use of the leased premises which will make voidable any insurance on the property of which the leased premises are a part, or on the contents of said property or which shall be contrary to any law or regulation from time to time established by the New England Fire Insurance Rating Association, or any similar body succeeding to its powers. The LESSEE shall on demand reimburse the LESSOR, and all other tenants, all extra insurance premiums caused by the LESSEE's use of the premises.

  • FDIC Insurance For any deposit accounts you open, the FDIC requires Bank to disclose, and you hereby acknowledge, that deposits held by Evolve Bank & Trust are insured up to $250,000 federal deposit insurance limit, per depositor for each ownership category.

  • Excess Insurance All policies providing excess coverage to City shall follow the form of the primary policy or policies including but not limited to all endorsements.

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