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The general question is who should hold the Common Seal of the OC, the SM or the EC?
A more specific query follows on from previous discussions regarding insurance commission.
Our EC has decided to appoint a licensed broker and therefore take the management and commission away from the SM. The insurance company are insisting on a letter of appointment signed under the Common Seal of the OC, and the Common Seal is held by the SM.
Do the EC instruct the SM to provide the letter of appointment under seal or do we prepare the letter and present it to SM to stamp?
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