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Consent to Settlement Clause
A standard provision in a Directors & Officers (D&O) policy requiring an insurance company to get the insured's approval prior to settling a claim for a specific amount. If this amount is not approved by the insured, this clause relieves the insurer from liability for any additional expenses needed to settle the claim or in paying the defense costs accrued from the date of the initial settlement recommendation. Also known as Hammer Clause and Blackmail Settlement Clause.
Insurance Industry News from ProgramBusiness.comCar & Boat in Mexico
When it comes to personal auto and watercraft insurance in Mexico, storefront owner Mexican Insurance Online has you covered!
Coming JUNE 1st. An upgraded version of our state of the art quoting system "v3" - some of the new features will include:
At-a-glance coverage information.
Faster quoting engine with online quote comparison rater.
More coverage options than any other Mexico Insurance Provider.
Real-time, online commission statements; ready in moments.
Increased ease of use.
Nationwide licensing compliance, including Surplus Lines.
Fixed Deductibles Option.
Higher limits-up to $300,000 liability.
The best coverage forms and endorsements available in the marketplace.
More Underwriters to choose from:
ABA Seguros (owned by GMAC Insurance)
GNP (AM Best A-9)
Genworth (GE) Seguros
Great compensation; very generous commissions.
Additional Travel/Evac/Repat coverage option available with every auto policy.
Easy renewals for repeat customers.
Cancel, Void, and Endorse your own policies.
Agency issue and direct online sales from YOUR website. We can mirror the look and feel of your website.
Great Commercial Fleet Auto programs
Excellent Programs for High Valued RV's
Online quoting system now available in Spanish. ¡Sus clientes puedan cotizar en Español!
Tremendous expertise and service; Meet Our Team
Offer your clients the coverage they need now for their Summer Vacation!
Don't send your customers to your competition to obtain this coverage!
Interested in selling International health insurance, medical health Insurance, missionary travel, and student travel insurance coverage on both a short and long term basis? Visit our storefront at at www.programbusiness.com.Click for the whole story...