BROKER/AGENT FEES Sample Clauses

BROKER/AGENT FEES. A. Insurer agrees to pay Broker/Agent Fees in accordance with the terms of the attached Schedules of Fees. Insurer may amend the Broker/Agent Fees provided for in the Schedule of Fees by giving thirty (30) days notice to Contractor. B. No Broker/Agent Fee or Bonus shall be payable to a non-appointed Contractor or Producing Agent. C. The Contracted Agency/Brokerage and “Responsible Individual” (RI) (or “Principle” and Primary Decision maker of any Agency or Brokerage) must maintain the same health licenses in the same jurisdictions. For example: If the “RI” or an Agency is licensed in Maryland and the District of Columbia (DC), but their Agency/Brokerage is licensed in Maryland and Virginia, then the “RI” must become licensed in Virginia and the Agency/Brokerage must become licensed in the District of Columbia (DC). When both the Broker/Agent and the Agency/Brokerage do not both hold the same licenses, a noncompliance issue is created. Both Broker/Agent and Agency/Brokerage must be licensed in the location where the Group is sold in order to be eligible to receive commissions. D. Premium Payments 1. Broker/Agent Fees shall be earned and payable monthly to Contractor for Group Contracts issued and for which the Premium has been paid and reconciled for each Group Subscriber to the account of the Group as long as this Agreement is in effect and Contractor is retained as Broker/Agent of Record by the Group and recognized as such by Insurer. E. Insurer reserves the right to determine which premiums and contracts paid by the Group or Subscriber are subject to payment of Broker/Agent Fees. F. If any premium should be refunded by Insurer for any reason or cause either before or after termination of this Agreement, Contractor shall repay to Insurer, on demand, all Broker/Agent Fess and Bonuses previously allowed and paid on the refunded premium or associated paid contracts. At Insurer’s discretion, such repayment may take the form of credit or offset, but is not limited to a direct payment or an adjustment to future Broker/Agent Fee and Bonus payments. G. Any indebtedness of Contractor to Insurer arising from this Agreement, any prior Agreement or any transaction between Contractor and Insurer, shall be a First Lien on any compensation (including Broker/Agent Fees and/or potential incentive payments and Bonuses) due or to become due the Contractor under this Agreement and may be applied as a set-off against any moneys due or which become due by Insurer to Contractor...

BROKER/AGENT FEES. A. Insurer agrees to pay Broker/Agent Fees in accordance with the terms of the attached Schedules of Fees. Insurer may amend the Broker/Agent Fees provided for in the Schedule of Fees by giving thirty (30) days notice to Contractor. B. No Broker/Agent Fee or Bonus shall be payable to a non-appointed Contractor or Producing Agent. C. The Contracted Agency/Brokerage and “Responsible Individual” (RI) (or “Principle” and Primary Decision maker of any Agency or Brokerage) must maintain the same health licenses in the same jurisdictions. For example: If the “RI” or an Agency is licensed in Maryland and the District of Columbia (DC), but their Agency/Brokerage is licensed in Maryland and Virginia, then the “RI” must become licensed in Virginia and the Agency/Brokerage must become licensed in the District of Columbia (DC). When both the Broker/Agent and the Agency/Brokerage do not both hold the same licenses, a noncompliance issue is created. Both Broker/Agent and Agency/Brokerage must be licensed in the location where the Contract is sold in order to be eligible to receive commissions. D. Premium Payments

BROKER/AGENT FEES. A. INSURER agrees to pay Broker/Agent Fees in accordance with the terms of the attached Schedules of Fees. INSURER may amend the Broker/Agent Fees provided for in the Schedule of Fees by giving thirty (30) days notice to Contractor. B. No Broker/Agent Fee or Bonus shall be payable to a non-appointed Contractor or Producing Agent.