virtual ®   02-Apr-2019 20:22

By-Laws Rules List OF Correspondents 2019-2020


Year: 2019
Language: english
Author: The American Cub
Genre: Convention (rules)
Format: PDF
Quality: eBook
Pages count: 332
Description: Every holder of a Certificate of Entry issued by the Association in respect of
a vessel or vessels insured thereunder shall be a Member of the Association
during the period for which such Certificate is effective to insure risks and,
as such Member, shall be entitled to vote, provided always, however, unless
otherwise agreed, that when one party has nominal or beneficial ownership,
management or control over one or more vessel(s) insured under one or more
Certificate(s), such party shall be the only Member entitled to vote as provided
herein and to share in dividends or return of mutual premium as provided in the
Association’s Rules, notwithstanding that any other party may have been named
as a Member on the relevant Certificate(s) of Entry. No membership shall exist
under any contract of reinsurance, unless specifically provided therein, nor under
any mortgage clause or loss payable clause of a Certificate of Entry. In these
By-Laws, all pronouns shall be understood to include such gender(s) as may
be appropriate.

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