Insurance tracking definition

Insurance tracking means monitoring evidence of insurance on collateralized credit transactions to determine whether insurance required by the credit agreement has lapsed, and communicating with debtors concerning the status of insurance coverage.
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Insurance tracking means only those activities related to determining whether a borrower has in place insurance that complies with the loan contract’s requirements to maintain insurance to protect the property serving as collateral for the loan, including:
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Insurance tracking means activities undertaken by a person other than a creditor to monitor evidence of insurance on collateralized credit transactions to determine whether insurance required by the credit agreement has lapsed and to communicate with debtors concerning the status of insurance coverage;
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Examples of Insurance tracking in a sentence

  • Insurance tracking activities and related expenses are the responsibility of the servicer for which the servicer is paid by the owner of the mortgage.

  • Insurance tracking costs should continue to be used to calculate LPI premiums for two reasons: First, because of a critical distinction between the servicer’s role and that of the LPI insurer with respect to LPI coverage, the servicer has no need to actually track insurance coverage, while the LPI insurer must do so to manage its own outstanding risk.

  • Insurance tracking: A high-level software application developed by an upcoming actor through the applica- tion store to add a new scenario of interest; in this case, this scenario is real-time management of insur- ance policies.

  • The cost consideration for your organization is simple, continue with the obsolete Certificate of Insurance tracking service currently in place at a cost of $76,500 per year, or engage ERC to handle the vendor compliance process at NO cost to Prospective Client.

  • Insurance coverage premiums true-up – Eric went over the Insurance tracking sheet that he’s using to ensure proper coverage and explained how accounting determined premium responsibilities before splitting the coverage between the three Neighborhoods.

  • When adding insurance protection through Endicia you will not add the USPS Insurance tracking number sticker nor process using the Firm Mail Book.

  • An Insurance tracking form will be completed and kept in a separate section of the client’s active record.

  • Major features of OpenEMR include electronic billing, Document management, E-Prescribing, Prescriptions (by printed script, fax or email), Insurance tracking etc.

  • Insurance tracking is part of the escrow administration function of servicing2 and includes Initially entering insurance information obtained at closing into the mortgage servicing system of record – the database used to track a borrower’s mortgage.

  • Insurance tracking is different; a LPI insurer manages its claims exposure by tracking which properties are insured by LPI.


More Definitions of Insurance tracking

Insurance tracking means all activities related to determining whether a borrower has in place hazard insurance that complies with the mortgage loan contract’s requirements to maintain hazard insurance, including:
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Insurance tracking means monitoring evidence of insurance on
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Insurance tracking means monitoring evidence of insurance on collateralized credit
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Related to Insurance tracking

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Insurance transaction means any transaction involving insurance primarily for personal, family, or household needs rather than business or professional needs that entails:

  • Insurance Affordability Program means a program that is one of the following:

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Insurance Regulator any Person charged with the administration, oversight or enforcement of any Insurance Regulation.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Blanket insurance policy means a group policy covering a defined class of

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Insurance carrier means every insurance carrier duly

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • insurance intermediary means any natural or legal person, other than an insurance or reinsurance undertaking or their employees and other than an ancillary insurance intermediary, who, for remuneration, takes up or pursues the activity of insurance distribution;

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Insurance Provider s Tender” means the completed Tendering Document submitted by the Insurance Provider to the Procuring Entity

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.