Underwriting Committee definition
Examples of Underwriting Committee in a sentence
The initial members on the Underwriting Committee are listed in Exhibit B hereto.
Each Member shall maintain records of claims in each category of coverage (i.e. indemnity, medical, expense) or as defined by PRISM and shall provide such records to PRISM as directed by the Board of Directors, Claims Review Committee, Underwriting Committee, or Executive Committee.
Half of the members of the Underwriting Committee shall be appointed by LFCM Holdings and the other half of the members of the Underwriting Committee shall be appointed by Lazard Group.
Notwithstanding anything to the contrary set forth in Section 2.2(a), (b), (c) or (d), no LFCM Company shall have the right to undertake or engage or participate in any underwriting or distribution of equity, debt or convertible securities without the prior approval of at least two-thirds of the members on the Underwriting Committee.
CNA will use its commercially reasonable best efforts to cause one or more IGF Executives to be named to the NACU Underwriting Committee at the earliest time (in CNA judgment) which is practicable.
IGF shall form the Underwriting Committee of four (4) individuals which shall establish underwriting guidelines for the Business.
CNA shall have the right to select one (1) member of the Underwriting Committee.
IGF shall have the exclusive right to approve, disapprove, or modify the guidelines established by the Underwriting Committee.
Each Exempt Period shall commence upon receipt by ABL and the Underwriting Manager of notice from the Board that the Board has determined (after consultation with the Underwriting Committee) that the Company’s resources are insufficient to underwrite Covered Contracts.
The list of the members of such Underwriting Committee will be agreed upon by the Parties, being understood that each Party shall have an identical representation on such Underwriting Committee.