Agent Termination and Policyholders. If the Agent acknowledges and agrees that if the Agency has exclusive ownership of the policy expirationsbook of business and thean Agent’s appointment is to be terminated, the Agent agrees to facilitate Agency will be responsible for facilitating the smooth transition of affected policyholders to aanother properly licensed and appointed agentAgent to service the business. If ownership of expirations is with the Agency and the Agency’s agreement agent of record. However, the Agent agrees that if the Agent has ownership of the book of business, then the responsibility to facilitate a smooth transition will be that of the Agent. In any event, the Agent must cooperate with Citizens has not been terminated, then the Agency will have responsibility for providing a replacement agent of record. Policies for in facilitating the transition. Any policies for which the agent of record is not changed on or before the date of termination will be nonrenewed andserviced by Citizens will service such policies for the remaining policy term., and are subject to being assumed, cancelled, or nonrenewed. Formatted: List Paragraph, Justified, No bullets or numbering Formatted: Bullets and Numbering Formatted: Justified Formatted: Justified, Indent: Left: 0", Numbered + Level: 1 + Numbering Style: A, B, C, … + Start at: 1 + Alignment: Left + Aligned at: 0.25" + Indent at: 0.5" Formatted: Justified Formatted: Justified, Indent: Left: 0", Numbered + Level: 1 + Numbering Style: A, B, C, … + Start at: 1 + Alignment: Left + Aligned at: 0.25" + Indent at: 0.5" Formatted: Justified Formatted: Justified, Indent: Left: 0", Numbered + Level: 1 + Numbering Style: A, B, C, … + Start at: 1 + Alignment: Left + Aligned at: 0.25" + Indent at: 0.5" Formatted: Justified Formatted: Justified, Indent: Left: 0", Numbered + Level: 1 + Numbering Style: A, B, C, … + Start at: 1 + Alignment: Left + Aligned at: 0.25" + Indent at: 0.5" Formatted: Font: Bold Formatted: Justified
Agent Termination and Policyholders. Agent acknowledges and agrees that if the Agency has ownership of the book of business and an Agent’s appointment is to be terminated, the Agency will be responsible for facilitating the smooth transition of affected policyholders to another properly licensed and appointed Agent to service the business agent of record. However, the Agent agrees that if the Agent has ownership of the book of business, then the responsibility to facilitate a smooth transition will be that of the Agent. In any event, the Agent must cooperate with Citizens in facilitating the transition. Any policies for which the agent of record is not changed on or before the date of termination will be serviced by Citizens for the remaining policy term, and are subject to being assumed, cancelled, or nonrenewed.
