Common use of Agency’s Book of Business Clause in Contracts

Agency’s Book of Business. Agency owns its Book of Business, but may transfer all or part of its Book of Business to another Agency or Agent, subject to Covered California’s written consent. Such consent shall not be unreasonably withheld. An Agency Manager has authority to transfer a Book of Business on the Agency’s behalf subject to California’s written consent. If an Agency has designated an Authorized Signer, the Authorized Signer must approve the transfer in writing before Covered California can complete it. Covered California may withhold its consent to approve a transfer if there is a reasonable belief that the Agency Manager does not have authority to complete the transfer on behalf of the Agency. Agency’s legal heirs may perform the procedures outlined in this section to transfer a deceased Agency’s Book of Business to another Agency or Agent certified by Covered California. In order to transfer the Book of Business, Agency must perform the following actions:

Agency’s Book of Business. a. Individual Exchange: Agency owns its Book of Business, but may transfer all or part of its Book of Business to another certified and properly licensed Agency or Agent, subject to Covered California’s written consent. Such consent shall not be unreasonably withheld. An Agency Manager has authority to transfer a Book of Business on the Agency’s behalf subject to Covered California’s written consent. If an Agency has designated an Authorized Signer, the Authorized Signer must approve the transfer in writing before Covered California can complete it. Covered California may withhold its consent to approve a transfer if there is a reasonable belief that the Agency Manager does not have authority to complete the transfer on behalf of the Agency. AgencyFor sole proprietors, the Agent’s legal heirs may perform the procedures outlined in this section to transfer a deceased AgencyAgent’s Book of Business to another Agency certified Agent or Agent certified by Covered CaliforniaAgency. Such consent shall not be unreasonably withheld. In order to transfer the Book of Business, Agency must perform the following actions:

Agency’s Book of Business. a. Individual Exchange: Agency owns its Book of Business, but may transfer all or part of its Book of Business to another certified and properly licensed Agency or Agent, subject to Covered California’s written consent. Such consent shall not be unreasonably withheld. An Agency Manager Level 2 has the authority to transfer a Book of Business on the Agency’s behalf subject to Covered California’s written consent. If an Agency has designated an Authorized Signer, the Authorized Signer must also has the authority to approve the transfer in writing before Covered California can complete ittransfer. Covered California may withhold its consent to approve a transfer if there is a reasonable belief that the Agency Manager Level 2 does not have the authority to complete the transfer on behalf of the Agency. AgencyFor sole proprietors, the Agent’s legal heirs may perform the procedures outlined in this section to transfer a deceased AgencyAgent’s Book of Business to another Agency certified Agent or Agent certified by Covered CaliforniaAgency. Such consent shall not be unreasonably withheld. In order to transfer the Book of Business, Agency must perform the following actions: