DCAP » Topics » “Closed Store Book of Business”

These excerpts taken from the DCAP 10-K filed Apr 14, 2009.
“Closed Store Book of Business” means, as of a particular date or for a particular period, the Seller’s then insurance agency and brokerage business and the renewals and expirations thereof together with all written or otherwise recorded documentation, data or information relating solely to the Closed Stores, including (a) the list of insurance companies with which Seller did business through any Closed Store and Records pertaining thereto, and (b) the list of customer accounts of the Business conducted through any Closed Store, sometimes referred to as daily reports or dailies, which contain, with respect to each such account the name and address of the insured, the type of insurance, the insurance carrier, the expiration date of each policy, and all other types of information customarily used by Seller.  Closed Store Book of Business does not include any accounts that have cancelled or non-renewed as of the particular date as of which the Closed Store Book of Business is measured.
 
“Closed Store Book of
Business”
means, as of a particular date or for a particular period, the
Seller’s then insurance agency and brokerage business and the renewals and
expirations thereof together with all written or otherwise recorded
documentation, data or information relating solely to the Closed Stores,
including (a) the list of insurance companies with which Seller did business
through any Closed Store and Records pertaining thereto, and (b) the list of
customer accounts of the Business conducted through any Closed Store, sometimes
referred to as daily reports or dailies, which contain, with respect to each
such account the name and address of the insured, the type of insurance, the
insurance carrier, the expiration date of each policy, and all other types of
information customarily used by Seller.  Closed Store Book of Business
does not include any accounts that have cancelled or non-renewed as of the
particular date as of which the Closed Store Book of Business is
measured.

 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Apr 14, 2009

RELATED TOPICS for DCAP:

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