UIC’s obligations Sample Clauses

UIC’s obligations. 2.1 . Explaning the policy holder about the insurance wordings, provisions and tariff, rights and obligations of the policy holder in participating in this insurance; 2.2. Send the Policy to the Policyholder after binding an agreement; 2.3. Paying compensation within 15 working days from the receipt of sufficient and valid claim files; within 30 working days in case UIC has to verify the files. Where UIC does not have enough authority to verify the factors in the files, the claim files shall be considered sufficient and valid subject to the official conclusion of competent authorities. If the verification results cannot be provided after 90 days after UIC sending a written proposal on verification to the competent functional authorities, UIC shall actively verify and consider claim settlement; 2.4. In case of refusal to pay claim, UIC shall explain in writing the reasons for such refusal within 15 days after UIC receives sufficient and valid claim files; 2.5. For cases of serious or particularly serious loss, at the request of the automobile owner/driver, UIC will coordinate to promptly solve and may pay advance a part of expenses which necessary to overcome the consequences of the loss once it is determined that such loss are covered under the scope of insurance. 2.6. UIC is responsible for guiding the automobile owner/driver to collect documents to make claim files as specified in Article 7 hereof. 2.7. UIC is responsible for re-assessing risks and defining premium within 05 working days from the receipt of a notice of changing risk factors of the insured automobiles and for refunding premium or collecting additional premium in proportion to the unexpired period of the insurance contract. 2.8. Other obligations as regulation and law.
Sample 1
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Related to UIC’s obligations

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  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

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  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

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