Underwriting Agent definition

Underwriting Agent s Appointment” means any agreement between a Members’ Agent and the Member or between a Managing Agent and the Member or between the Managing Agent and any Members’ Agent or in any case where the Member’s Underwriting Agent in question is a substitute agent the terms of its appointment
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Underwriting Agent means Tailored Underwriting on behalf of certain Underwriters at Lloyd’s of London.
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Underwriting Agent means a person licensed to carry on underwriting agency business under this Act;
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Examples of Underwriting Agent in a sentence

  • This Agreement shall not override the terms of any underlying contract for or of Insurance Business or the terms of any Slip, save the Parties agree that clause 6.6 shall apply to any monies held by the Broker as a coverholder of the Underwriting Agent, where the binding authority agreement in question does not make provision for monies to be held in accordance with CASS or in a segregated trust account.

  • The Underwriting Agent warrants that it is authorised to conduct Insurance Business from the date of this Agreement.

  • The Broker is under no obligation to offer any proposal for Insurance Business or renewal of any existing Insurance Business to the Underwriting Agent.

  • In the event the Broker receives the premium after the time permitted for the Insured to pay the premium and provided the relevant contract of insurance has not been validly cancelled, the Broker shall pay that premium (net of Commission, but including Taxes) to the Underwriting Agent as soon as reasonably possible.

  • Except in specifically agreed cases where the Sub Agent may deal directly with the Insurers, any notification of claims received by the Sub Agent must be advised to the Underwriting Agent immediately in writing.

  • Where the Underwriting Agent has specifically sub delegated risk transfer, commission is due and payable to the Sub Agent upon receipt by the Sub Agent of cleared premium funds in respect of the relevant policy or policies.

  • The Underwriting Agent may vary the terms of this Agreement by advising the Sub Agent in writing.

  • In the event of receipt of such confirmation, the Underwriting Agent will be allowed 48 hours to rectify the cover if the error is incapable of remedy, without penalty.

  • Where the Underwriting Agent has not specifically sub delegated risk transfer, commission is due and payable to the Sub Agent upon receipt by the Underwriting Agent of cleared premium funds in respect of the relevant policy or policies.

  • The Sub Agent must liaise with the Underwriting Agent prior to each renewal to enable the Underwriting Agent to provide notification of renewal terms or non-renewal in good time to allow the Sub Agent to meet its regulatory obligations to customers in this respect.


More Definitions of Underwriting Agent

Underwriting Agent means a managing agent or a members’ agent;
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Underwriting Agent. ’ means a person permitted by the Council to act as an underwriting agent at Lloyd’s and listed on the register of underwriting agents maintained under the Underwriting Agents Byelaw (No. 4 of 1984.
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Underwriting Agent means a person permitted by the Council to act as an underwriting agent at Lloyd's;
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Related to Underwriting Agent

  • Underwriting Agreement means the underwriting agreement, dated as of _________, 2024, among the Company and ▇▇▇▇▇-▇▇▇▇▇▇ Capital Group LLC as representative of the underwriters named therein, as amended, modified or supplemented from time to time in accordance with its terms.

  • Underwriters means the underwriters named in Schedule A to the Underwriting Agreement.

  • Underwriting Fee has the meaning given to it in the eighth paragraph of this Agreement;

  • Underwriter means a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part of such dealer’s market-making activities.

  • Underwritten Securities shall include the Initial Underwritten Securities and all or any portion of the Option Securities agreed to be purchased by the Underwriters as provided herein, if any. The Terms Agreement, which shall be substantially in the form of Exhibit A hereto, may take the form of an exchange of any standard form of written telecommunication between you and the Company. Each offering of Underwritten Securities through you or through an underwriting syndicate managed by you will be governed by this Agreement, as supplemented by the applicable Terms Agreement.