THANKS TO ALL OF YOU THAT REPLIED.

I don't think he/she thinks it is that clear, Developer is asking for the money back, not all of it, just some of it.

He/She won't get specific except that it is more than NV law allows.

No underlying services were provided. They ended up cancelling the policy because it was only covering dirt (no building has begun). They have since hired some one else to get the coverage they need. My guy received a letter from a law firm stating they wanted some of the money back and noted a Neva...

I recently attended an OCIP seminar put on by Gallagher. One thing the speaker mentioned was that there is increasing case law stating that certificates hold more weight then just being an evidence of coverage. As a result, when issuing a cert on a wrap project, they are very careful to state on the...

I have a friend that charged both a broker fee and a commission on a $1 million on-going ops policy to a developer client. The total comission exceeded 30% of the $1 mil. Broker is in Texas, the project in Nevada. No written agreements between any party. Does the broker have some liability or obliga...