Business Procedures. Subject always to such policies as the Board of Directors shall adopt from time to time, the management of the Agency shall have the authority to: (a) determine what risks, transactions and persons are eligible for support by the Agency; (b) set the terms and conditions of policies of insurance, coinsurance and reinsurance or contracts of guarantee issued or supported by the Agency; (c) establish the rates of premiums, fees and other charges, if any, applicable to each policy of insurance, coinsurance and reinsurance, and each contract of guarantee, issued or supported by the Agency; and (d) bind the Agency under contracts of insurance, coinsurance, reinsurance and contracts of guarantee and to deal with all matters relating to claims under such contracts.
Appears in 5 contracts
Sources: Agreement Establishing the African Trade Insurance Agency, Agreement Establishing the African Trade Insurance Agency, Agreement Establishing the African Trade Insurance Agency