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.
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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.

  • 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.

  • 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.

  • In accordance with the regulation, insurance companies are subject to four indicators: Solvency margin Placement of insurers/reinsurers` assets Placement of insurance reserves Maximum permissible size of obligations for separate risks and cumulative risks of insurersThe State Insurance Supervisor obliges insurance companies to submit the results of calculations for obligatory indicators quarterly.

  • 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.

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

  • No period is to be longer than three years.2.4. Placement of insurance with local and/or international markets;2.5. Processing of payments to insurers.

  • Placement of insurance on state property, activities and responsibilities.

Related to Placement of insurance

  • contract of insurance means an agreement between the Secretary of Education and either the Trustee or the Seller providing for the insurance by the Secretary of Education of the principal of and accrued interest on a FFELP Loan to the maximum extent permitted under the Higher Education Act.

  • Assignment of Insurances shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.

  • Period of Insurance means the period commencing from the retroactive date and terminating on the expiry date as shown in the Policy Schedule.

  • Certificate of Insurance means a document showing that an insurance policy has been written and includes a statement of the coverage of the policy.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Required Insurance shall have the meaning provided in Section 9.03.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

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

  • Required Insurances means collectively the Project Facility Insurances and the Contractor Insurances.

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about 11 June 2010 and addressed to, and capable of being relied upon by, the Finance Parties.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Franchise insurance means an individual insurance policy provided through a

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Reimbursement insurance policy means a policy of insurance

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Blanket travel insurance means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Group of insurers means those licensed insurers included in the reporting requirements of chapter 13, or a set of insurers as identified by management, for the purpose of assessing the effectiveness of internal control over financial reporting.

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

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts: