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24 Mar 2020, 9:26 am
There is no operational limit on the amount of CP the BoE stands ready to purchase on a day to day basis5. 2.4.4.The BoE will confirm electronically or via phone if an offer has been accepted with the purchases normally settling on a T+ 2 basis. 2.4.5.The BoE will publish each Thursday at 3.00pm information on the use of the CCFF as follows:- (i) the total amount of CP purchased that week up until the previous day, in terms of the amount paid to the sellers; and (ii) the sum… [read post]
18 Mar 2020, 7:28 pm
Any such suspension shall be limited to a period of the duration of such Force Majeure Event, but in no event longer than six (6) months, after which, unless such suspension shall be lifted, the party not suspending its obligations hereunder may, during the pendency of such suspension, terminate this agreement by notice in writing to the other party. [read post]
10 Feb 2020, 10:55 am
Jurisdictions also differ as to whether defense-within-limits clauses and claims-made policy standards apply to the surplus lines market, to name just a few. [read post]
5 Feb 2020, 8:54 am
Shortly thereafter, they sued their old firm for: (1) ERISA violations arising from the insured’s failure to provide certain benefits to the defecting attorneys; and (2) impeding clients’ ability to transfer files from the old firm. [read post]
4 Feb 2020, 7:04 am
Depending on the nature of the business, the use of renewable resources may also improve the environment, and potentially lead to better product safety.[10] The benefits of corporate social responsibility are not limited to higher profits for the companies that employ them. [read post]
29 Jan 2020, 9:26 am
Nonadmitted and Reinsurance Reform Act While technically a part of the Dodd-Frank Act, the Nonadmitted and Reinsurance Reform Act, which came into effect on July 21, 2011, stands on its own and revolutionized the surplus lines and nonadmitted insurance markets. [read post]
12 Nov 2019, 9:51 am
It is worth noting that these data thresholds are not limited to U.S. citizens. [read post]
8 Nov 2019, 7:22 am
Contrast Alabama with states such as Connecticut and Georgia that have updated their direct insurance procurement statutes to avoid any potential confusion as to the insured’s home state’s ability to tax all premiums paid for self-procured insurance policy. [read post]
10 Sep 2019, 8:44 am
Fortunately, even if a buyer wishes to convert the target company from a corporation into a limited liability company subsequent to purchase, this can be accomplished under applicable corporate conversion laws without having to re-apply for agency licenses. [read post]
17 Jun 2019, 1:39 pm
The post Locke Lord QuickStudy: New Washington Statutory Financial Requirements for Providers of Service Contracts and Protection Product Guarantees Effective July 28, 2019 appeared first on Insurance & Reinsurance. [read post]
14 May 2019, 6:16 am
The post What Every InsurTech Should Know About Privacy and Cybersecurity appeared first on Insurance & Reinsurance. [read post]
13 May 2019, 1:54 pm
The change is to expedite service to insureds while maintaining the state’s ability to protect consumers. [read post]
What Every InsurTech Entrepreneur Should Know About Convertible Promissory Notes and SAFE Agreements
11 Mar 2019, 2:51 pm
Entrepreneurs should also be aware that Valuation Caps are not really “caps” – they don’t limit the shares that investors receive. [read post]
25 Feb 2019, 12:53 pm
The first step in any fronting relationship is the MGA / TPAs forming what is known as a Producer Owned Reinsurance Company, or PORC. [read post]
18 Feb 2019, 2:42 pm
The good news is that unless your InsurTech has the ability to force a carrier to actually issue a policy (in insurance parlance “bind coverage”), you likely won’t need an insurance-related license to run your Underwriting-focused business. [read post]
16 Jul 2018, 8:32 am
The board further ruled that the reinsurer must act as a guarantee of a self-insured employer’s ability to pay benefits, and found the retention limit was void, as it conflicted with the reinsurer’s statutory obligation to provide benefits to the employee. [read post]
16 Jul 2018, 8:32 am
The board further ruled that the reinsurer must act as a guarantee of a self-insured employer’s ability to pay benefits, and found the retention limit was void, as it conflicted with the reinsurer’s statutory obligation to provide benefits to the employee. [read post]
29 May 2018, 10:50 am
The following is a summary of legislation that passed in the 2018 Utah Legislature. [read post]
23 Mar 2018, 8:04 am
Highly valued for her ability to meld her extensive legal and industry knowledge and experience with her talents as an insightful innovator and pragmatic problem solver, Ms. [read post]
25 Dec 2017, 9:40 pm
But job displacement by machine learning will not be limited to the private sector. [read post]
