Servicing carrier definition

Servicing carrier means any authorized insurer des- ignated by the assigned risk plan and approved by the com- missioner and the United States Department of Labor to issue workers' compensation policies. It shall issue policies on behalf of the assigned risk plan, provide safety engineering, handle claims incurred by those covered by the assigned risk plan, provide premium audits, perform underwriting func- tions, and perform other duties as defined by the governing committee in its operating procedures.
Sample 1Sample 2
Servicing carrier means an insurance company or self-insurance administrator that is selected from among the Bid Respondents to provide the Plan Services responsive to this RFP, but subject to the specific terms, conditions and limitations of a Servicing Carrier Contract entered into between the successful Bid Respondent and the Plan.
Sample 1Sample 2Sample 3
Servicing carrier means a participating insurer which agrees to be and is designated by the office to provide policyholder and claims service, including the issuance of policies, on behalf of the participating insurers.
Sample 1Sample 2Sample 3

Examples of Servicing carrier in a sentence

  • All other obligations of both Servicing Carrier and producer as set forth pursuant to the Plan and Rules of Operation shall remain in force during the term of this agreement.

  • Servicing Carriers shall be entitled to immediately terminate an Exclusive Representative Producer’s contract to bind coverage on behalf of the Servicing Carrier when any of the conditions listed below exist or upon failure of the Exclusive Representative Producer to meet the requirements/definition of Exclusive Representative Producer as defined in Rule 2 of the Rules of Operation.

  • A Member may be excused from its private passenger Servicing Carrier responsibilities for Exclusive Representative Producer business if the Member executes an agreement with another entity for handling its share of private passenger Exclusive Representative Producer business.

  • Program Oversight - Servicing Carrier Audits Category: Servicing Carrier Performance - Reviews Priority: Medium Subcommittee Focus: Implementation of Servicing Carrier Focus Audits Subcommittee Action to Date: At its March 29, 2018 meeting, the Subcommittee recommended approval of CAR’s Focus Audit plan that will gather information to assist in the development of underwriting standards for use by Servicing Carriers to determine eligibility, classification, and rating of commercial residual market risks.

  • Nothing in this paragraph shall be construed to affect the rights of any private passenger Servicing Carrier to enter into any contractual agreement for the purpose of servicing the Servicing Carrier's voluntary or voluntary ceded private passenger business.

  • Individual company reports were provided to each Servicing Carrier in early 2019.

  • In any such case, however, any sums payable to the first Servicing Carrier must be paid before the transfer is completed.

  • Staff will continue its efforts to develop new internal reports to assist in monitoring claim reporting patterns to identify industry trends and Servicing Carrier anomalies and notify the appropriate company or committee.

  • In appropriate circumstances the Association may authorize the transfer of a broker from one Servicing Carrier to another.

  • Procedures for the Review of Large Ceded Losses Category: Servicing Carrier Consistency – Loss Reporting Priority: Medium Committee Focus: Ensure consistency among Servicing Carriers relative to timely notification of large loss occurrences Committee Action to Date: The Governing Committee approved the recommendation of the Commercial Auto Committee to implement procedures to address notification and disclosure aspects of the large loss reporting process.


More Definitions of Servicing carrier

Servicing carrier means a Member of the Pool that has been appointed by the Commissioner to receive assignments and provide coverage to eligible employers pursuant to the Plan on behalf of all other Pool Members.
Sample 1Sample 2Sample 3
Servicing carrier means those insurance companies licensed and writing workers' compensation insurance within Mississippi, which have been appointed by the Commissioner to provide coverage to employers who have applied for workers' compensation insurance pursuant to the Plan.
Sample 1Sample 2
Servicing carrier means a facilities-based carrier providing mobile
Sample 1Sample 2
Servicing carrier means a workers' compensation insurer selected as a servicing
Sample 1
Servicing carrier means (i) with respect to Claims against the JUA, an insurance company that had or presently has a contract with the JUA to underwrite, process and adjust automobile insurance policies for the JUA pursuant to the NJAFIAA, (ii) with respect to Claims against the MTF, an insurance company that has or presently has a contract with the MTF to underwrite, process and adjust automobile policies for the MTF pursuant to the FAIRA, as amended by the GDP Act, and (iii) with respect to Claims against the City of Philadelphia or SEPTA, The City of Philadelphia or SEPTA, respectively.
Sample 1
Servicing carrier means the successful Respondent or the carrier(s) selected to provide automobile insurance coverage to qualified applicants of the Association with said carrier being afforded reinsurance by the participating companies of the reinsurance pooling mechanism.
Sample 1

Related to Servicing carrier

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • CMSA Special Servicer Loan File format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "CMSA Special Servicer Loan File" available as of the Closing Date on the CMSA website, is reasonably acceptable to the Special Servicer.

  • Servicing Contract means, with respect to any Person, the arrangement, whether or not in writing, under which that Person has the right to service Mortgage Loans.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • CREFC® Special Servicer Loan File The data file in the “CREFC® Special Servicer Loan File” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Primary Servicing Agreement means the agreement between the Primary Servicer and the General Master Servicer, dated as of March 1, 2007, under which the Primary Servicer services the Mortgage Loans set forth on the schedule attached thereto.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Servicer Mortgage Loan File As defined in each of the Servicing Agreements.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Servicing Arrangement is defined in Section 11.06(b).

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Servicing Certificate A certificate completed and executed by a Servicing Officer on behalf of the Master Servicer in accordance with Section 4.01 of the Servicing Agreement.

  • Servicing Agreements Each of the Servicing Agreements executed with respect to a portion of the Mortgage Loans by one of the Servicers, which agreements are attached hereto, collectively, as Exhibit L.

  • Sale and Servicing Agreement means the Sale and Servicing Agreement, dated as of the Closing Date, between the Seller, the Issuer, the Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time.

  • Back-Up Servicing Agreement means that certain Back-Up Servicing Agreement to be entered into by and among the Company, the Administrative Agent and the Back-Up Servicer, as such agreement may be amended, restated, supplemented or otherwise modified from time to time.

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • Special Servicer means the applicable special servicer with respect to the Mortgage Loan appointed as provided in the Lead Securitization Servicing Agreement.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.