Common use of Cash Handling Clause in Contracts

Cash Handling. 9.1 The Broker shall not accept payment of Insurance Premiums by way of cash unless it has in place an up-to-date cash handling policy that complies with all Applicable Laws (“Cash Handling Policy”). 9.2 The Broker shall provide a copy of its Cash Handling Policy to Close within 10 Business Days of any request by Close.

Appears in 2 contracts

Sources: Commercial Lines Terms of Trade, Personal Lines Non Recourse Terms of Trade