Supervisory Oversight definition

Supervisory Oversight. Supervise Sales Persons in solicitation of variable insurance products Review applications and premium checks for completeness and accuracy Review applications for suitability Participate in reporting and resolution of any customer complaints. Non-Insurance Services: Insure proper licensing of Sales Persons (insurance and securities) Forward application and checks (if applicable) to appropriate location Record transaction on books and records of Selling Group Member Determine compensation for Sales Persons Issue checks to Sales Persons Track compensation paid to Sales Persons and issue Form 1099 at year end. Actual costs of Selling Group Member supervisory oversight will be determined applying generally accepted accounting principles and shall be determined on a quarterly basis. If, by the last quarter of a calendar year, it becomes apparent that Associated Agency may exceed the New York Insurance Regulation 4228 limits on compensation payments, USL will adjust payments made on new sales to bring Associated Agency into compliance with this statute. If, after the calendar year ends, Associated Agency is still out of compliance with the New York Insurance Regulation 4228 limits, USL will withhold compensation on new sales and/or renewal compensation following the end of the calendar year in which the overpayments were made until Associated Agency is brought into compliance. All reasonable efforts will be made to recoup such overpayments within the 3 month period following the calendar year in which such overpayments were made
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Supervisory Oversight means the direction of the supervisor with immediate availability.
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Examples of Supervisory Oversight in a sentence

  • Risk Type: Supervisory Oversight Authorization: i) Risk type controller, as per DB’s Risk Taxonomy; and / or ☒ ii) Approval by the relevant risk type controller ☐ iii) Management Board resolution ☐ iv) Business Allocation Plan ☐Addressees The provisions of the Code apply to all DWS U.S. Employees.

  • This document is reviewed as necessary, but not less than annually per The Compliance Supervisory Oversight Policy and Procedure.

  • Ongoing Supervisory Oversight The Legal Department and your department manager will receive information about your personal trading and will investigate any aberrational trading activity, trades that appear to violate this Code, or trades that otherwise raise the appearance of impropriety.

Related to Supervisory Oversight

  • Supervisory Review means ongoing clinical case reviews in accordance with procedures developed by ADMINISTRATOR, to determine the appropriateness of Diagnosis and treatment and to monitor compliance to the minimum ADMINISTRATOR and Medi-Cal charting standards. Supervisory review is conducted by the program/clinic director or designee.

  • supervisory body means a functionary or institution referred to in Schedule 2;

  • Board of Supervisors means the Board of Supervisors of the County.

  • Supervisory Authority shall have the same meaning as in the GDPR, and their cognate terms shall be construed accordingly.

  • Network Operating Committee means a group made up of representatives from the Network Customer(s) and the Transmission Provider established to coordinate operating criteria and other technical considerations required for implementation of Network Integration Transmission Service under Tariff, Part III.

  • Procurement Committee means a Committee constituted by the Employer to perform the functions as such under the terms and conditions of Contract.

  • Supervisory Board means the individual or group of individuals that

  • Management Committee means in the case of a Competition which is an unincorporated association, the management committee elected to manage the running of the Competition and where the Competition is incorporated it means the Board of Directors appointed in accordance with the articles of association of that company.

  • Supervisor means Advisors Asset Management Inc., and its successors in interest, or any successor evaluator appointed as hereinafter provided."

  • Direct supervision means oversight at a distance within which: