[Answer] Under a commercial lines property policy who is responsible for making the premium payments in a timely manner?

Answer: First Named Insured
Under a commercial lines property policy who is responsible for making the premium payments in a timely manner?

Canada Mortgage and Housing Corporation (CMHC) is a Crown Corporation of the Government of Canada. Its superseding agency was established after World War II to help returning war veterans find housing.It has since expanded its mandate to assist housing for all Canadians. The organization’s primary goals are to provide mortgage liquidity assist in affordable housing development and provide …

With premium income of USD 160 billion in 2013 it accounted for 10% of global non-life premiums of USD 1 550 billion or 23% of the global commercial lines premiums. Liability insurance is far more prevalent in the advanced than emerging markets. The advanced markets accounted for 93% of global liability premiums in 2013 while their share of global non-life premiums was 79%.

A license agreement defines the terms under which a resource or property are licensed by one party to another either without restriction or subject to a limitation on term business or geographic territory type of product etc. License agreements can be regulated particularly where a government is the resource owner or they can be private contracts that follow a general structure. However …

Property buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased. Broadly put a lease agreement is a contract between two parties the lessor and the lessee. The lessor is the legal owner of the asset while the lessee obtains the right to use the asset in return for regular rental payments . The lessee also agrees to abide by various …

The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy the insured submits a claim to the insurer for processing by a claims adjuster…

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