Examples of Underwriting Agent in a sentence
Any domestic insurance company au- thorized to do a marine insurance busi- ness in any State of the United States may apply for appointment as a Cargo Underwriting Agent by submitting to the Maritime Administrator a letter and Form MA–399, which may be ob- tained from the American War Risk Agency or MARAD.
The standard form of War Risk Fac- ultative Cargo Binder, which may be obtained from the American War Risk Agency of MARAD, shall be completed by the applicant and submitted, in du- plicate, to an Underwriting Agent be- fore the insurance can be bound.
The Underwriting Agent is authorized to issue a facultative policy in Form MA–316, prescribed in § 308.545, when there has been presented to him a properly prepared binder on Form MA– 315, prescribed in § 308.544, together with the payment of the premium as required, and such policy shall be issued as soon as possible after the binder form has been presented to the Underwriting Agent.
The Maritime Administrator will provide each Underwriting Agent with a supply of facultative policies which shall not be valid until countersigned by the Un- derwriting Agent.
The Underwriting Agent shall keep a permanent record of all such policies and the Assured to whom the policy is issued.
Application for Standard Optional Endorsement No. 3 may be made to the Underwriting Agent, which shall trans- mit it to the Maritime Administrator for approval or disapproval of the issuance of the endorsement.
An application for the return of pre- mium, which may be obtained from MARAD’s underwriting agent or MARAD, shall be filed in duplicate with the Underwriting Agent on Form MA–307.
If no rate is published for a voyage on which war risk faculta- tive cargo insurance is available, the Maritime Administrator will name a rate through an Underwriting Agent upon application.
Rate Schedules for war risk facultative cargo insurance will be published by the Maritime Adminis- trator from time to time, and may be obtained from an Underwriting Agent.
All grant applicants undergo a review by the Underwriting Agent and/or the State to ensure the application is complete and eligible for assistance.Personal resources and business assets are not counted towards unmet need when determining eligibility for grant assistance.