Placement of insurance definition

Placement of insurance means the initial purchase of an insurance product or the renewal of an existing product unless the insurer independently generates and processes the renewal without the agent's participation or involvement. "Placement of insurance" does not mean the servicing or modification of an existing contract that does not involve the public entity evaluating options for the purchase or renewal of an insurance product.

Examples of Placement of insurance in a sentence

• A.1 Insurance, Transactional and Advisory Service• Placement of insurance programme• Customised policy wordings• Insurance renewal planning and strategy• Marketing of insurance policies• Insurance transactions.

• Placement of insurance may be effected by negotiation, bid or a combination thereof.

• Placement of insurance policies shall be through the consultant(s) or broker(s) and shall be at the direction and control of the Risk Manager, giving due regard to the evaluation and recommendation of the consultant(s) or broker(s).

• Placement of insurance reserves is regulated by government so to minimize investment risk.

• A.1 Insurance, Transactional and Advisory Service:• Placement of insurance programme• Customised policy wordings• Insurance renewal planning and strategy• Marketing of insurance policies• Insurance transactions.

• Placement of insurance coverage or annuities .…………………………………………………..…....

• Use of Proceeds We intend to use the net proceeds from issuances and sales of our common stock through the Sales Agent, and under any terms agreement, for working capital, capital expenditures and other general corporate purposes, which may include the repayment and refinancing of debt.

• A.1 Insurance, Transactional and Advisory Service Placement of insurance programme Customised policy wordings Insurance renewal planning and strategy Marketing of insurance policies Insurance transactions.

• Placement of insurance covers is handled principally by Jardine Lloyd Thompson and Lloyd and Partners Limited who are Lloyd’s brokers.Being a global leading supply chain manager of agricultural products and food ingredients, the Issuer maintains various property and liability insurance policies to protect its assets and exposures in countries where it operates.

• Nothing in this section shall preclude a public body from debarring a prospective contractor pursuant to § 11-46.1.§ 38.2-1812.1. Placement of insurance for public bodies.No insurance agent may provide or offer to provide, directly or indirectly, insurance products to a public body while concurrently and on its behalf (i) evaluating proposals from other insurance agents and (ii) recommending the placement of insurance.§ 38.2-1839.