Insurance Expert definition
Examples of Insurance Expert in a sentence
The committee will contain at least one (1) person from each building plus a Board Office Insurance Expert.
In making such determination, the Insurance Expert shall act as an expert and not as an arbitrator.
Confirmation from the Insurance Expert in the form of an insurance report issued by it that the Borrower is insured in accordance with Clause 18.2 (Insurance).
The Plant becomes or is declared a total loss or is beyond economic repair in the opinion of the Insurance Expert.
If Buyer and Holdings do not reach a final resolution within twenty (20) days after the delivery of such notice, Holdings and Buyer shall submit their dispute to an Insurance Expert to determine whether or not such asset should be transferred to Buyer.
The Insurance Expert shall be instructed to provide its determination as to whether such asset should be transferred to Buyer within thirty (30) days following its retention.
If the Insurance Expert determines that the Capacity and Distribution Conditions have not been satisfied, then Holdings shall pay all of the fees, costs and expenses of the Insurance Expert.
If the Insurance Expert determines that the Capacity and Distribution Conditions have been satisfied, then Buyer shall pay all of the fees, costs and expenses of the Insurance Expert.
Any such determination by the Independent Insurance Expert shall be non-appealable and binding upon Buyer and Seller for purposes of this Section 6.11.
The Insurance Expert shall be instructed to provide its determination as to whether such Capacity and Distribution Conditions had been satisfied to the Parties within thirty (30) days following its retention.