Examples of Underwriting purposes in a sentence
See paragraph(e) of this section for examples illustrating the rules of this paragraph (d)(1), as well as other provisions of this section.(ii) Underwriting purposes defined.
Insurance Underwriting purposes i.e. to examine the potential risk in relation to Your(and/or a third party’s) prospective policy so that we can:• Provide Your (or any person included on the proposal) Driving Licence Number (“DLN”) to the DVLA to confirm Your (or the relevant person included on the v1.09/08.16 29proposal) licence status, entitlement and relevant restriction information and endorsement/conviction data.
Health Plans may also access Data of prospective members seeking to enroll in the Health Plan, if necessary, for Payment purposes.Regardless of whether permitted by Law, the following uses of Data are prohibited:• any Health Insurance Underwriting purposes, and• any decisions related to health insurance enrollment and eligibility (e.g., issuing, denying, cancelling coverage), except as permitted pursuant to an agreement executed between Contexture and a Government Agency Participant.
An Engineer could also fulfil this role, subject to having been trained in obtaining the necessary Commercial Information for Underwriting purposes.
For Underwriting purposes, the same information required to issue the parent company a contract is necessary for each Subsidiary Company covered (in order to determine if such Subsidiary Company is eligible to be insured under the policy), as well as a description of the nature and degree of parent company control (%).AN AFFILIATED COMPANY is a company with common control to the main policyholder such as through stock ownership, common officers, and various work agreements and/or contracts.