UNDERWRITING AUTHORITY Clause Samples

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UNDERWRITING AUTHORITY. United reserves to itself all underwriting authority.
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UNDERWRITING AUTHORITY. A. The Agency, as an independent contractor of the Company, subject to any requirements imposed upon the Agency and the Company by any governmental entity, the terms of this Agreement, and the underwriting rules and regulations of the Company, is authorized and is delegated responsibility to: 1. Solicit applications for Policies through duly licensed agents in the States set forth on Schedule A. The Company shall forward to the Agency a copy of the Company's Underwriting Rules, Regulations, and Guidelines ("Underwriting Rules") for use by the Agency in processing such applications and submitting to the Company those which might be accepted by the Company on a facultative basis or as may be otherwise specified in such Underwriting Rules. The Company may amend its Underwriting Rules at any time by providing the Agency written notice thereof, and the Agency shall thereafter process the Policies pursuant to such amended guidelines and procedures. The Underwriting Rules include the basis of rates to be charged, the lines of insurance which may be written, maximum limits of liability, applicable exclusions, territorial limitations, cancellation provisions, the maximum policy period, and control of policy issuance. 2. Issue Policies on behalf of the Company to qualifying risks accepted under the Underwriting Rules and issue all related, required statutory and regulatory notifications, if any. The parties hereto acknowledge that the Agency has been furnished copies of the Company's rates, policy forms and endorsements. 3. Maintain control procedures related to binder, policy and notification issuance to facilitate audit of such activities by the Company and/or the Insurance Commissioner, or equivalent authority, of the States on Schedule A. 4. Provide a risk management information system that will track, account, and report to the Company premium, commissions, losses, loss reserves, allocated and unallocated claim costs, claim incidence detail, indemnity and medical payments. During the term of this Agreement, the Agency shall use underwriting and risk management information on behalf of the Company. 5. Assure that the Company complies with any required reports or data calls related to the Policies. 6. Assure that in the event any Policy is issued with a deductible endorsement and the Underwriting Rules require collateralization, that the policyholder collateralize all unpaid deductible obligations actuarially valued to their ultimate cost with collateral acceptab...
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UNDERWRITING AUTHORITY. The Manager shall have the authority to bind the Company to the following risks underwritten in accordance with the Company’s underwriting guidelines: 1. Direct Business: (a) Coverage - fire and homeowners multi-peril and certain ancillary coverages defined as follows: Fire Allied Lines Homeowners Multi-Peril Earthquake Other Liability Glass Burglary & Theft Industrial Fire Mobile Home Multi-Peril Mobile Home Physical Damage (b) Territory - the state of Florida
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UNDERWRITING AUTHORITY. 7.1 The General Agent is granted underwriting authority consistent with the rights, responsibilities and obligations set forth in this Agreement and consistent with written underwriting directives or guidelines provided to the General Agent by the Company from time to time. The Company will also supply the General Agent with revisions and amendments to any such written underwriting directives and guidelines as such revisions and amendments are adopted from time to time. It shall be the responsibility of the General Agent to maintain such written underwriting directives and guidelines, including any revisions and amendments, so that the General Agent will be operating pursuant to a current set of underwriting directives and guidelines. All underwriting decisions will be thoroughly and timely documented. The General Agent shall allow the Company to review and/or audit the General Agent's copies of written underwriting directives and guidelines and underwriting files upon request during normal business hours.
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UNDERWRITING AUTHORITY. Trinity shall have authority to issue, amend by endorsement and cancel contracts of insurance; to accept and decline risks with full underwriting authority; to collect premiums; to reject, adjust, compromise and pay losses; to pay for surveys; and generally to do everything necessary for the administration of the insurance business conducted pursuant to the Agreement.
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UNDERWRITING AUTHORITY. The Attorney-in-Fact shall have the authority to bind the Company to the following risks underwritten in accordance with the Company’s underwriting guidelines: 1. Direct Business: (a) Coverages defined as follows: Fire Allied Coverages Inland Marine Automobile-Liability & Physical Damage Liability other than Automobile Glass Burglary & Theft Reinsurance (on all lines authorized to be written on a direct basis) (b) Territory - the State of Texas
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UNDERWRITING AUTHORITY. Underwriting authority will be delegated to the following individuals: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇.
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UNDERWRITING AUTHORITY 
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Related to UNDERWRITING AUTHORITY

  • Underwriting Agreement This Agreement has been duly authorized, executed and delivered by the Company.

  • Underwriting Agreements If requested by the Underwriters for any Underwritten Offering requested by holders pursuant to Sections 2.1 or 2.3, the Company and the holders of Registrable Securities to be included therein shall enter into an underwriting agreement with such Underwriters, such agreement to be reasonably satisfactory in substance and form to the Company, the holders of a majority-in-interest of each class of the Registrable Securities to be included in such Underwritten Offering and the Underwriters, and to contain such terms and conditions as are generally prevailing in agreements of that type, including, without limitation, indemnities no less favorable to the recipient thereof than those provided in Section 2.4. The holders of any Registrable Securities to be included in any Underwritten Offering pursuant to Section 2.2 shall enter into such an underwriting agreement at the request of the Company. All of the representations and warranties and the other agreements by and on the part of the Company to and for the benefit of the Underwriters included in any such underwriting agreement shall also be made to and for the benefit of such holders, and any or all of the conditions precedent to the obligations of the Underwriters under such underwriting agreement shall be conditions precedent to the obligations of such holders. No holder shall be required in any such underwriting agreement to make any representations or warranties to or agreements with the Company or the Underwriters other than representations, warranties or agreements regarding such holder, such holder’s Registrable Securities, such holder’s intended method of distribution and any other representations required by law.

  • Standby Underwritings You authorize the Manager in its discretion, at any time on, or from time to time prior to, the expiration of the conversion right of convertible securities identified in the applicable AAU in the case of securities called for redemption, or the expiration of rights to acquire securities in the case of rights offerings, for which, in either case, standby underwriting arrangements have been made: (i) to purchase convertible securities or rights to acquire Securities for your account, in the open market or otherwise, on such terms as the Manager determines, and to convert convertible securities or exercise rights so purchased; and (ii) to offer and sell the underlying common stock or depositary shares for your account, in the open market or otherwise, for long or short account (for purposes of such commitment, such common stock or depositary shares being considered the equivalent of convertible securities or rights), on such terms consistent with the terms of the Offering set forth in the Prospectus or Offering Circular as the Manager determines. On demand, you will take up and pay for any securities so purchased for your account or you will deliver to the Manager against payment any securities so sold, as the case may be. During such period, you may offer and sell the underlying common stock or depositary shares, but only at prices set by the Manager from time to time, and any such sales will be subject to the Manager’s right to sell to you the underlying common stock or depositary shares as above provided and to the Manager’s right to reserve your securities purchased, received, or to be received upon conversion. You agree not to otherwise bid for, purchase, or attempt to induce others to purchase or sell, directly or indirectly, any convertible securities or rights or underlying common stock or depositary shares, provided, however, that no Underwriter will be prohibited from: (a) selling underlying common stock owned beneficially by such Underwriter on the day the convertible securities were first called for redemption, (b) converting convertible securities owned beneficially by such Underwriter on such date or selling underlying common stock issued upon conversion of convertible securities so owned, (c) exercising rights owned beneficially by such Underwriter on the record date for a rights offering, or selling the underlying common stock or depositary shares issued upon exercise of rights so owned, or (d) purchasing or selling convertible securities or rights or underlying common stock or depositary shares as a broker pursuant to unsolicited orders.

  • Notice of Underwriting If the Initiating Holder(s) intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Fund as a part of their request made pursuant to this Section 3, and the Fund shall include that information in the written notice referred to in Section 3.1. The right of any Holder to Registration pursuant to this Section 3 shall be conditioned upon such Holder’s agreement to participate in the underwriting and the inclusion of that Holder’s Registrable Securities in the underwriting to the extent provided herein.

  • Underwriters The copies of the Registration Statement and each amendment thereto furnished to the U.S. Underwriters will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to ▇▇▇▇▇, except to the extent permitted by Regulation S-T.