The Insurer shall Sample Clauses
The clause titled "The Insurer shall" establishes the obligations and responsibilities that the insurer must fulfill under the terms of the insurance contract. Typically, this clause outlines specific actions the insurer is required to take, such as providing coverage, processing claims, or paying out benefits when certain conditions are met. For example, it may require the insurer to investigate claims promptly or to notify the insured of any policy changes. The core practical function of this clause is to clearly define the insurer's duties, ensuring that both parties understand what is expected from the insurer and reducing the risk of disputes over performance.
The Insurer shall. 3.1.1. provide the Insurance Policy to the Insured to confirm the insurance carried out and also, provide the Insured with relevant application to carry out desired insurance;
3.1.2. receive the Insured’s application on occurrence of insured event for consideration;
3.1.3. draw up an insurance report on insured event and determine the amount of the insurance indemnification;
3.1.4. to pay out the insurance indemnification within 3 (three) working days upon the signature by the parties of the Insurance Act drawn up on the basis of the receipt of all the documents required for indemnification according to the procedure and terms and conditions provided hereunder, except for the cases when the corresponding deadline is provided for the particular event and if the damage is incurred through unlawful actions taken by the third party, theft, burglary, robbery (or attempt thereof), insurance indemnification shall be paid within 2 (two) calendar months after receipt of all the documents necessary for payment of the insurance indemnification and upon the signature by the parties of the Insurance Act. The Insurer shall reserve the right to postpone the decision to pay out the insurance indemnification in case when in relation to the fact of occurrence of the insured event the criminal proceedings are instituted against Insured, Authorized Driver (Beneficiary) or his/her representative;
3.1.5. If the lawsuit due to the occurrence of the event between the Insured and the aggrieved is in process the Insurer shall pay out the indemnification – within 3 (three) working days upon submitting of the effective court decision (on the indemnification of damages inflicted to third party/parties by the Insured /Authorized Driver) to the Inuerer.
3.1.6. perform the duties herein with due diligence.
The Insurer shall. 3.1.1. provide the Insurance Policy to the Insured to confirm the insurance carried out and also, provide the Insured with relevant application to carry out desired insurance;
3.1.2. receive the Insured’s application on occurrence of insured event for consideration;
3.1.3. draw up an insurance report on insured event and determine the amount of the insurance indemnification;
3.1.4. perform the duties herein with due diligence.
The Insurer shall. 8.4.1. provide the Policy Holder with these Special Conditions and Rules of Insurance for familiarization;
8.4.2. within two business days, once it becomes known about the occurrence of the insured event, take measures to complete all the necessary documents for the timely payment of the insurance payment or insurance indemnity to the Policy Holder;
8.4.3. in case of occurrence of the insured event, make the insurance payment or pay the insurance indemnity within the period set forth in the Policy. The Insurer shall bear property responsibility for the delayed insurance payment (insurance indemnity) by paying in favor of the Policy Holder a fee (fine, penalty), the amount of which shall be determined in accordance with the applicable legislation of Ukraine;
8.4.4. indemnify the expenses incurred by the Policy Holder in case of occurrence of the insured event to prevent or reduce losses, if prescribed by the Policy;
8.4.5. keep information on the Policy Holder and his financial situation confidential, unless otherwise prescribed by the legislation of Ukraine;
8.4.6. the Insurer may have additional obligations under the Insurance Policy.
The Insurer shall. 1. pay, as from …………………………, the social insurance contributions, at its own expense, pursuant to the terms and conditions and within the time limits according to this contract;
2. submit, pursuant to the terms and conditions agreed with THE COMPANY, at the time of the payment of the first contribution, the list as per the template in Annex № 1 and the declarations referred to in article 1, paragraph 2;
3. update in due time the list under item 2; such update shall no need signing of additional agreement to this contract;
4. make available, pursuant to the terms and conditions agreed with THE COMPANY, the information referred to in Annex № 3, each month or on the same intervals as the payment of the periodic instalments and at the same time with such payment;
5. notify THE COMPANY of any change in the data required in connection with the insurance with the voluntary pension fund, by producing the relevant documents, as well as shall notify THE COMPANY of any change in other circumstances regarding the fulfilment of THE COMPANY’S obligations;
The Insurer shall. 7.1.1. advise the Insured on the insurance terms and conditions and the Insurance Rules;
7.1.2. pay insurance indemnity upon occurrence of an insured event according to the terms and conditions of this Insurance Agreement;
7.1.3. keep secret information about the Insured and the Insured Person, received by it upon conclusion of this Insurance Agreement and during its period of validity, except as provided by the Ukrainian laws.
The Insurer shall. 7.5.1. Acquaint the Insuree with the terms and conditions and the Insurance Rules.