Common use of Authorisation Clause Clause in Contracts

Authorisation Clause. Policy Condition: Authorisation Clause for this Fidelity Policy Section shall be replaced, or shall apply where absent, with the following; Failure to comply with this Condition will result in a claim being rejected or settlement reduced. The Policyholder shall act on behalf of all Civil Societies with respect to the giving and receiving of notice for Fidelity Loss, the payment of premiums and the receiving of any return premiums that may become due under this Policy, the negotiation, agreement to and acceptance of endorsements, and the giving or receiving of any notice provided for in this Fidelity Policy Section, and the Civil Societies agree that the Policyholder shall so act on their behalf. All amounts payable under this Fidelity Policy Section shall be made to the Policyholder. RSA shall not be liable for the application or distribution of such amounts between Civil Societies and shall be released from all liability in respect of such payment by virtue of its payment to the Policyholder.