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Topic: Intermediary


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In the News (Wed 9 Dec 09)

  
  IRMI - Stuck in the Middle—The Reinsurance Intermediary
Essentially, the reinsurance intermediary is a go-between, whose function it is to bring together the reinsured and reinsurer to secure a contract of reinsurance on terms agreeable to both parties.
While the reinsurance intermediary's brokerage fee is meant to compensate the reinsurance intermediary for its ongoing administrative obligations until all claims are settled, its financial incentive to continue with these tasks diminishes when the prospect of future business is eliminated by a dispute or runoff.
While the reinsurance intermediary is not typically a party to the reinsurance contract, its cooperation may be requested by the reinsured or subpoenaed by the arbitration panel.
www.irmi.com /Expert/Articles/2006/Schiffer03.aspx   (1513 words)

  
 Intermediary/Texas Realtor
Moreover, intermediary is more consumer-friendly than dual agency as it allows the intermediary-broker’s appointed associates to provide opinions and advice to their respective principals.
Although the intermediary provision in the listing agreements is comprehensive and explanatory of intermediary status, brokers and their agents should be well-versed in its provisions to offer additional explanation or clarification to the seller client, if necessary.
Once written notification of intermediary relationship is made, including appointment of the broker’s associates to act for the seller and buyer, the required procedures or prerequisites of intermediary are fulfilled.
www.texasrealtoronline.com /issues/0600/legal/legal0600.html   (1396 words)

  
 DHS   (Site not responding. Last check: 2007-11-04)
As outlined in statute, the confidential intermediary, at a minimum must be approved by the court after completing training and filing an oath of confidentiality with the court.
The confidential intermediary shall discreetly and confidentially contact the individual being sought to ascertain whether the individual is willing to release information to the petitioner or to meet or communicate with the petitioner.
If the confidential intermediary fails to contact a former family member within six months after the appointment, the adult adopted person may petition the court for the release of information that is considered identifying and any additional information obtained by the confidential intermediary.
www.michigan.gov /dhs/0,1607,7-124-5452_7116_7125-14050--,00.html   (821 words)

  
 UTHCPC Research Intermediary
The research intermediary at The University of Texas Harris County Psychiatric Center serves as an additional advocate dedicated to ensuring that patients' rights are protected during their participation in research.
The research intermediary visits regularly with patients to determine if they truly understand the research study in which they are considering taking part, how they will participate and what patients expect from the experience.
The intermediary may, at the patient's request, or when the patient is found to lack the understanding or willingness to continue, request that a patient be removed from a study.
www.uth.tmc.edu /uth_orgs/hcpc/research_intermediary.htm   (430 words)

  
 Intermediary - Wikipedia, the free encyclopedia
An intermediary is a third party that offers intermediation services between two trading parties.
Typically the intermediary offer some added value to the transaction that may not be possible by direct trading.
In a larger sense, an intermediary can be a person or organization who or which facilitates a contract between two other parties.
en.wikipedia.org /wiki/Intermediary   (178 words)

  
 Intermediary Relending Program
The intermediary then makes loans from this revolving loan fund to private individuals, public or private organizations, or any other legal entity (ultimate recipient) for community development projects, establishment of new businesses or expansion of existing businesses, and saving and/or the creation of jobs in rural areas.
Rates charged by intermediaries to ultimate recipients will be negotiated between the intermediary and the ultimate recipient, with lower rates encouraged.
Loan terms for intermediary loans to ultimate recipients are negotiated between the intermediary and the ultimate recipient.
www.rurdev.usda.gov /id/irp.htm   (374 words)

  
 Steven L. Schwarcz, with contributions by Joanna Benjamin, Intermediary Risk in the Indirect Holding System for ...   (Site not responding. Last check: 2007-11-04)
Other times, the securities intermediaries are national entities that have created linkages through which a non-resident of the security's country of issue could effect settlement of a cross-border trade: (1) through direct access to (membership in) the [securities intermediary] in the country of issue, e.g.
Even if the investor's intermediary were made liable, by law or contract, for upper-tier intermediary risk, an upper-tier intermediary's failure could, in an example of systemic risk, impair the ability of lower-tier intermediaries to pay their obligations.
This intermediary risk is different than the risk that arises in traditional agency situations, in which intermediaries (called trustees or agents) hold assets in a custodial capacity on behalf of multiple investors.
www.law.duke.edu /journals/djcil/articles/djcil12p309.htm   (7768 words)

  
 The Intersection of Madison Avenue and the Learned Intermediary Doctrine
The learned intermediary doctrine is premised upon the recognition that physicians are in the best position to balance the risks posed by medicines and medical devices against the susceptibilities of their patients.
Thus, the learned intermediary doctrine is based on the principle that the physician is in the best position to know both the medicine and the patient, and the duty of the manufacturer of the medicine is to provide the physician with accurate and complete information so that the physician can do his/her job.
The court held that the learned intermediary doctrine was inapplicable in a wrongful death action stemming from a death allegedly caused by overuse of the patch.
library.findlaw.com /2003/Mar/7/132622.html   (6489 words)

  
 Rules of Professional Conduct: Rule 2.2--Intermediary
The process of preparing the writing causes the lawyer involved to focus specifically on those risks, a process that may suggest to the lawyer that the particular situation is not suited to the use of the lawyer as an intermediary.
The "unusual circumstances" requirement may be met in rare situations where an assessment of risks is not feasible at the beginning of the intermediary role.
Where the lawyer is intermediary, the clients ordinarily must assume greater responsibility for decisions than when each client is independently represented.
www.dcbar.org /for_lawyers/ethics/legal_ethics/rules_of_professional_conduct/Rule_two/rule02_02.cfm   (1143 words)

  
 OSCN Found Document:Intermediary
A lawyer acts as intermediary in seeking to establish or adjust a relationship between clients on an amicable and mutually advantageous basis; for example, in helping to organize a business in which two or more clients are entrepreneurs.
In considering whether to act as intermediary between clients, a lawyer should be mindful that if the intermediation fails the result can be additional cost, embarrassment and recrimination.
In acting as intermediary between clients, the lawyer is required to consult with the clients on the implications of doing so, and proceed only upon consent based on such a consultation.
www.oscn.net /applications/oscn/deliverdocument.asp?citeID=73697   (974 words)

  
 1031 Qualified Intermediary - Safe Harbor 1031 Exchange
The Qualified Intermediary is the glue that puts the buyer and seller of property together into the form of a 1031 Exchange.
Where such an intermediary (often called an exchange facilitator) is used, the intermediary will not be considered the agent of the taxpayer for constructive receipt purposes notwithstanding the fact that he may be an agent under state law and the taxpayer may gain immediate possession of the money or property under the laws of agency.
Providing all parties to the agreement are notified in writing of the assignment on or before the date of the transfer of the relinquished property, the intermediary is treated as having entered into the agreement and, upon completion of the transfer, as having acquired and transferred the relinquished property.
www.havenexchange.com /services.htm   (574 words)

  
 Have Questions about the Confidential Intermediary Program?
The Confidential Intermediary Program was established by the Arizona State Legislature in 1992 by enacting A.R.S. This allows court record access by a Confidential Intermediary to facilitate the search process between adopted adults or adoptive parents and birth parents (triad members), and others.
The Confidential Intermediary Program is administered by the Arizona Supreme Court and applies to adoptions that have been finalized in the State of Arizona only.
The court provides training to ensure that intermediaries are educated about the search process and the law, and that they are sensitive to the needs of triad members and other parties using their services.
www.supreme.state.az.us /cip/faq.htm   (568 words)

  
 The Intermediary Network
Jobs for the Future asked Intermediary Network members how they were faring at the twilight of the federal investment and explored whether and how the sunset of the national legislation affected the operations of their organizations.
The Boston PIC, one of the most established, innovative school-to-career intermediaries in the country, is active in the dissemination of Bostonƒs experience to national audiences of business, educators, and community partnerships.
BCER is made up of 13 national business-led organizations and 400 state and local business-education coalitions that coordinate their efforts to increase the academic achievement of all students by promoting business involvement in education at the national, state, and local levels.
www.intermediarynetwork.org /newlook/links.html   (1512 words)

  
 1031articles - YET ANOTHER Intermediary Steals Client Funds...
As in the prior instances of exchange theft, the intermediary was able to commit this fraud because the funds were held in a commingled account.
Intermediaries can hold client exchange accounts in one of two ways: in a commingled account, or in a segregated account.
Because your intermediary holds its clients exchange funds in a commingled account, you know that that will be your source of collecting if you win your suit.
www.expert1031.com /1031facts/articles/exchanger_beware/crej100604.html   (1007 words)

  
 Reinsurance Intermediary Clause
Thus, a reinsurance intermediary may act in the capacity of either an insurance broker or agent, depending upon the circumstances of a particular transaction.
It is therefore logical that an intermediary acting on behalf of a ceding insurer be treated as an insurance broker and be held equally subject to § 2121.
Absent a clear disclaimer from the reinsurer, the intermediary is vested with apparent authority to collect premium payment from the ceding insurer, based on the general law of agency.
www.ins.state.ny.us /ogco2005/rg051018.htm   (1039 words)

  
 EPA: Federal Register: Intermediary Relending Program
The intermediary may not be able to use the EZ/EC/REAP funds as rapidly as the unrestricted funds.
Since most intermediaries do not know, at the application stage, the ultimate recipients, the type of business, or where the business will be located, the assessment is of a generalized nature, and no public notices are issued.
RBS has decided to consider subsequent loans to an intermediary a categorical exclusion for environmental review, rather than a Class II action, provided the service area, eligibility requirements, and eligible purposes for loans to ultimate recipients will be the same for the subsequent loan as were considered in the previous environmental assessment.
www.epa.gov /fedrgstr/EPA-IMPACT/2005/July/Day-05/i13144.htm   (2233 words)

  
 The Learned Intermediary Doctrine and
The learned intermediary doctrine is one of the most important defenses available to manufacturers of medicines and medical devices.
Although the learned intermediary doctrine is not part of the Second Restatement of Torts, the Third Restatement, adopted in 1997, does explicitly include the learned intermediary doctrine.
This section basically states the current learned intermediary doctrine as applied by the courts except that it extends the duty to warn to “other health-care providers” in addition to prescribing physicians.
www.thefederation.org /documents/pratt.htm   (2897 words)

  
 Intermediary-based transcoding framework
In general, intermediaries are located in the path of a data flow, possibly affecting the data as they flow by.
Because a transcoding specification was included in the original request for data, the intermediary must transcode the data before passing the data along to the client.
Moreover, by locating transcoding at the intermediary rather than at the server or at the client, our approach enables content conversions that have not been anticipated by the owner or creator of the data.
www.research.ibm.com /journal/sj/401/ihde.html   (5369 words)

  
 1031articles - Another 1031 Intermediary Steals Client's Exchange Money
Intermediaries can hold client exchange accounts in one of two ways: in a commingled account where the combined proceeds of all client exchanges are held in one single account.
For example, if the intermediary has 200 clients, all of their money would be pooled into one bank account.
Yet it wasn't -- and when confronted, the intermediary claimed that when they said"...it would be held in a separate account," they meant that their (commingled) account was "separate" from their company' s operating checking account.
www.expert1031.com /1031facts/articles/exchanger_beware/crej061604.html   (841 words)

  
 Intermediary News Volume IV, Number 6 December 1999
The September 1999 Intermediary News stated that Medicare will cover a pancreas transplant when it is performed simultaneously with or after a Medicare covered kidney transplant.
Intermediaries were also instructed to take steps to intensify their medical review of partial hospitalization services, beginning Oct. 1, 1999.
As the one-year anniversary of the agreement was approaching, the Provider thought it prudent to reinstate the previously settled issues, just in case the new intermediary did not implement the prior intermediary's settlement agreement within that one-year period.
www.carefirst.com /pages/mdmedicare/intermediary/12-99.htm   (9961 words)

  
 [No title]   (Site not responding. Last check: 2007-11-04)
The Confidential Intermediary Program was established by the Arizona State Legislature in 1993.
This program allows court record access by a Confidential Intermediary to facilitate the search process between adopted children or adoptive parents and birth parents (triad members), and others.
CFCA may offer intermediary services at a reduced fee, or may waive the hourly fee, based on financial need or situation.
www.cfcare.org.cob-web.org:8888 /intermediary.html   (387 words)

  
 intermediary - a Whatis.com definition
On the World Wide Web, the role of an intermediary is sometimes said to be no longer necessary as, for example, when you look up legal or medical information directly yourself or when you share files with other Internet users directly (see peer-to-peer).
2) An intermediary is a program or set of programs that in some way evaluates, filters, modifies, or otherwise interjects some function between two end users or end-use programs (such as a client/server).
At IBM Research, a formal structure for developing, distributing, and managing this kind of intermediary has been created and is known as Web Intermediaries.
searchnetworking.techtarget.com /gDefinition/0,294236,sid44_gci770081,00.html   (287 words)

  
 CHAPTER 16. REINSURANCE INTERMEDIARY ACT   (Site not responding. Last check: 2007-11-04)
(e) "Reinsurance intermediary" means a reinsurance intermediary-broker or a reinsurance intermediary-manager as these terms are defined in subsections (f) and (g) of this section.
(i) "To be in violation" means that the reinsurance intermediary, insurer or reinsurer for whom the reinsurance intermediary was acting failed to substantially comply with this chapter.
Any such license issued to a corporation shall authorize all of the officers, and any designated employees and directors thereof to act as reinsurance intermediaries on behalf of such corporation, and all such persons shall be named in the application and any supplements thereto.
www.delcode.state.de.us /title18/c016   (2992 words)

  
 Intermediary Architecture
In order to better understand the design space for an intermediary architecture, we prototyped some plug-in services and the IA support infrastructure and at present are integrating the services into the infrastructure.
Intermediaries provide a general way to augment or overload this access behavior to add new behaviors.
Intermediaries can be placed on the client, on the server, or in between.
www.objs.com /workshops/ws9801/papers/paper103.html   (3468 words)

  
 Department of Commerce & Consumer Affairs - Reinsurance Intermediary Broker
The commissioner may issue a reinsurance intermediary license to any person, firm, association, or corporation that has complied with these requirements.
Any such license issued to a firm or association will authorize all the members of that firm or association and any designated employees to act as reinsurance intermediaries under the license, and all those persons shall be named in the application and any supplements thereto.
Any such license issued to a corporation shall authorize all of the officers, and any designated employees and directors thereof to act as reinsurance intermediaries on behalf of the corporation, and all those persons shall be named in the application and any supplements thereto.
www.hawaii.gov /dcca/areas/ins/producers/instructions_insurance_license/reinsurance_intermediary_broker   (492 words)

  
 CHAPTER 701e (INSURANCE ADMINISTRATORS) REINSURANCE INTERMEDIARY ACT
(9) "To be in violation" means that the reinsurance intermediary, or the insurer or reinsurer for whom the reinsurance intermediary was acting, failed to substantially comply with the provisions of sections 38a-760 to 38a-760i, inclusive;
(a) A reinsurance intermediary shall be subject to examination by the commissioner.
(a) If the commissioner determines that the reinsurance intermediary or any other person has not materially complied with the provisions of sections 38a-760 to 38a-760i, inclusive, or any regulation or order promulgated thereunder, after notice and opportunity to be heard, the commissioner may order revocation or suspension of the reinsurance intermediary's license.
www.cga.ct.gov /2005/pub/Chap701e.htm   (2184 words)

  
 Intermediary Services   (Site not responding. Last check: 2007-11-04)
RIC is one of the few Saudi Arabian investment companies to provide intermediary services to a growing clientele, primarily comprising high net worth Saudi men and women as well as institutions.
To safeguard this interest an investment manager must first clearly understand the client's objectives and constraints and then apply rigorous un-biased analytical assessment to the vast array of investment products available.
Intermediary services enable RIC's clients to access hundreds of pooled investment schemes including mutual and hedge funds, unit trusts, etc., managed by some of the world's leading money managers.
www.ranainvestment.com /intermediary_services/intermediary_services.htm   (304 words)

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