Third Party Insurer definition
Examples of Third Party Insurer in a sentence
If the PLP Distributor does not select a Purchaser Insurer as the provider of the new Private Label Product and the PLP Distributor desires to continue to seek a Third Party Insurer, as provider, Parent shall cause the PLP Distributor to include the Purchaser Insurers in the process for selection of such provider (whether by formal request for proposals or otherwise) to provide such Private Label Product prior to selecting a Third Party Insurer.
If the PLP Distributor does not select a Purchaser Insurer as the provider of the new Private Label Product and the PLP Distributor desires to continue to seek a Third Party Insurer, as the provider, Parent shall cause the PLP Distributor to include the Purchaser Insurers in the process for selection of such provider (whether by formal request for proposals or otherwise) to provide such Private Label Product prior to selecting a Third Party Insurer.
If PFSI does not select a Purchaser Insurer as the provider of such New Product and PFSI desires to continue to seek a Third Party Insurer, as the provider, Parent shall cause PFSI to include the Purchaser Insurers in the process for selection of such provider (whether by formal request for proposals or otherwise).
The Third Party Indemnitors and the Third Party Insurer are express third-party beneficiaries of the terms of this Section 15.
If an employee is requested by the Company, or requested by the Short Term Disability (STD) Administrator or Third Party Insurer, to participate in an independent medical evaluation or to provide a medical certificate that requires travel outside of the employee’s normal area of residence, eligible travel costs incurred by the employee will be reimbursed in accordance with the Company’s travel policy.
For the avoidance of doubt, a Third Party Insurer’s proposal would not be selected in preference to the Buyer Insurer’s proposal solely on the basis that pricing proposed by the Third Party Insurer is lower than the pricing proposed by the Buyer Insurer, provided that such pricing differential would not, in the Seller’s reasonable judgment, be expected to substantially and adversely impact sales.
If, during the Term, Distributor proposes to issue a formal written request for proposals to any Third Party Insurer that involves any life insurance or annuity product that the Insurance Companies or their Affiliates are authorized to offer, Distributor shall give notice thereof to the Insurance Company and entertain proposals from the Insurance Company or their Affiliates to be a provider to Distributor of such product.
Any such Third Party Insurer shall maintain a financial strength rating, or an implied financial strength rating, by A.M. Best of at least A.
GENERATOR – OFFTAKER BUYER GROUP MARKET CUSTOMER THREE PARTY STRUCTURE ARRANGEMENTS Spot price Third Party (Insurer) Fixed volume swap Spot price Fixed price Fixed price + margin Generator Direct Agreement E.g. transfer Corporate Retail charge* Retailer Electricity *Retail Charge is usually partially linked to the spot price.
The general guideline for the steps to be followed include: o Approximately 4-6 weeks outstanding – Phone call to the Third Party Insurer to remind them of outstanding claim.