Servicing of Policies. Commencing on the Assumption Date of an Assumed Policy: (i) Until the first renewal date after assumption, Citizens shall process endorsements and cancellations and provide other routine policy services with respect to each of the Assumed Policies. (ii) Heritage shall offer and process offers of renewal coverage with respect to Assumed Policies, and shall be solely responsible for all servicing activities as of the first renewal thereof.
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Sources: Assumption Agreement (Heritage Insurance Holdings, LLC), Assumption Agreement (Heritage Insurance Holdings, LLC)
Servicing of Policies. Commencing on the Assumption Date of an Assumed Policy:
(i) Until the first renewal date after assumptionend of the policy period for each Assumed Policy, Citizens shall process endorsements and cancellations and provide other routine policy services with respect to each of the Assumed Policies. However, Insurer will be responsible for the following policy services: (1) offers of renewal; and (2) claims.
(ii) Heritage Insurer shall offer and process offers of renewal coverage with respect to Assumed Policies, and shall be solely responsible for all servicing activities as of the first renewal thereof.
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