Servicing carrier definition

Servicing carrier means any authorized insurer designated by the assigned risk plan and approved by the commissioner and the United States Department of Labor to issue workers' compensation poli- cies. 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 functions, and perform other duties as defined by the governing com- mittee in its operating procedures.

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.

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.

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.

More Definitions of Servicing carrier

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.

Servicing carrier means a facilities-based carrier providing mobile

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.

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.

Servicing carrier means a workers' compensation insurer selected as a servicing

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.

Servicing carrier means an insurer that processes commercial Plan business for the Commercial Automobile Insurance Procedure (CAIP) on behalf of member companies who share the premiums, expenses, and losses.