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The current definition is as follows: Exempt commercial purchaser. Any person purchasing commercial insurance that, at the time of placement, meets the following requirements: (1) The person employs or retains a qualified risk manager to negotiate insurance coverage.
What is a commercial purchase?
A commercial purchase agreement is a legal real estate contract that transfers commercial property ownership from a seller to a buyer. Commercial purchase agreements are legally binding, so it is important that the buyer fully understands the contract and has read all terms and conditions.
What does exempt commercial mean?
(5) Exempt commercial purchaser The term exempt commercial purchaser means any person purchasing commercial insurance that, at the time of placement, meets the following requirements: (A) The person employs or retains a qualified risk manager to negotiate insurance coverage.
What is a commercial purchaser?
Commercial Purchaser means a person or entity including, but not limited to, an individual, a limited liability company, corporation, partnership or any form of association engaged in Mobile Home sales as a business.
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