Common Contracts
1 similar Premium Finance Agreement contracts
CONSENT TO AMENDPremium Finance Agreement • August 16th, 2015
Should additional premium be due to a result of changes in the insured's policy(ies) or adjustment of rate classification(s), Insured and Agent hereby grant Express Premium Finance Co., L.L.C. and its subsidiaries, parent and/or assign(s), (hereafter, "EXPRESS") the authority to pay the additional premium (for a new or existing policy) and to amend the premium finance agreement (“PFA”) accordingly at the existing contract rate, with no additional fee to the insured. Such additions shall be accomplished by EXPRESS from this written and signed memorandum by agent and the insured, prior to the first scheduled payment date of the amended transaction. If the down payment collected is inadequate causing any shortage in return premiums to pay the contract in full, the agent agrees that this additional premium will be on a "recourse basis" to the Agent/Broker.
