Common use of UNDERWRITING AUTHORITY Clause in Contracts

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

Appears in 2 contracts

Sources: Managing General Agency Agreement, Managing General Agency Agreement (Vesta Insurance Group Inc)