Broker’s Obligations. Broker shall comply with all applicable laws relating to the performance of this agreement and: 3.1.1. Submit to Aspire promptly all premiums and documentation Aspire requires in any manner that Aspire may specify, which may include, without limitation, electronic transmission; 3.1.2. Maintain all required bonds, and an errors and omissions policy of insurance covering Broker and each of Broker’s employees, with minimum limits of liability of at least $1,000,000 from an insurance company acceptable to Aspire; 3.1.3. Submit all applications in accordance with Aspire Submission Information, as it may be changed by Aspire pursuant to this Agreement; 3.1.4. Present to each applicant or insured: 3.1.4.1. All notices that Aspire may determine are legally necessary or legally prudent; 3.1.4.2. All informational materials that Aspire supplies and asks Broker to provide; and 3.1.4.3. All notices required by California regulation or statute or any other law or regulation. 3.1.5. Notify Aspire in writing of any and all Policies and Renewals subject to premium financing arrangements, and the name and address of the premium financing company, promptly after Broker arranges for or learns of the same. Nothing in this Agreement shall be construed as allowing any premium financing arrangements if prohibited by the Submission Information; 3.1.6. Pay for all of Broker’s operating expenses, including, without limitation, fees for broker bond, license, fees and taxes, and occupational or municipal license fees and taxes; 3.1.7. Comply with all applicable laws relating to the performance of this Agreement and brokers within the Territory, including, without limitation, privacy, licensing, and broker anti-steering laws; 3.1.8. Instruct each insured to immediately report directly to Aspire all claims or losses, and any inquiry or report concerning any claims or losses that Broker may receive; 3.1.9. Retain in an orderly fashion and for the period specified in the Submission Information, each of the following, to the extent applicable, with respect to Policies and Renewals: all original signed applications, driver exclusions, selections and rejections of optional coverage, documents required by Aspire in support of premium discounts, vehicle inspection reports, photos (four, one of each corner) and powers of attorney. Broker may retain electronically scanned documents in lieu of hard copy, provided that they are retrievable, durable, legible, unalterable and compatible with Aspire’s systems. In lieu of retaining the same during the term of this Agreement, Broker may send to Aspire any such electronically scanned documents. Upon expiration or termination of this Agreement, Broker agrees to send to Aspire all such documents or copies; the failure to retain adequately the information required to be retained or not provided for as required by Aspire could lead to a denial of a claim and, in such event, producer will be responsible for payment therewith; 3.1.10. Provide to Aspire any information in Broker’s possession or control that Aspire may request in connection with this Agreement, including, without limitation, a copy of all or any part of any file concerning any person insured under, or who has applied for, a Policy or Renewal with respect to that Policy or Renewal or application for the same;
Appears in 5 contracts
Samples: Electronic Funds Transfer (Eft) and Check Authorization Agreement, Electronic Funds Transfer (Eft) and Check Authorization Agreement, Broker Agreement
Broker’s Obligations. Broker shall comply with all applicable laws relating to the performance of this agreement and:
3.1.1. Submit to Aspire promptly all premiums and documentation Aspire requires in any manner that Aspire may specify, which may include, without limitation, electronic transmission;
3.1.2. Maintain all required bonds, and an errors and omissions policy of insurance covering Broker and each of Broker’s employees, with minimum limits of liability of at least $1,000,000 300,000 from an insurance company acceptable to Aspire;
3.1.3. Submit all applications in accordance with Aspire Submission Information, as it may be changed by Aspire pursuant to this Agreement;
3.1.4. Present to each applicant or insured:
3.1.4.1. All notices that Aspire may determine are legally necessary or legally prudent;
3.1.4.2. All informational materials that Aspire supplies and asks Broker to provide; and
3.1.4.3. All notices required by California regulation or statute or any other law or regulation.
3.1.5. Notify Aspire in writing of any and all Policies and Renewals subject to premium financing arrangements, and the name and address of the premium financing company, promptly after Broker arranges for or learns of the same. Nothing in this Agreement shall be construed as allowing any premium financing arrangements if prohibited by the Submission Information;
3.1.6. Pay for all of Broker’s operating expenses, including, without limitation, fees for broker bond, license, fees and taxes, and occupational or municipal license fees and taxes;
3.1.7. Comply with all applicable laws relating to the performance of this Agreement and brokers within the Territory, including, without limitation, privacy, licensing, and broker anti-steering laws;
3.1.8. Instruct each insured to immediately report directly to Aspire all claims or losses, and any inquiry or report concerning any claims or losses that Broker may receive;
3.1.9. Retain in an orderly fashion and for the period specified in the Submission Information, each of the following, to the extent applicable, with respect to Policies and Renewals: all original signed applications, driver exclusions, selections and rejections of optional coverage, documents required by Aspire in support of premium discounts, vehicle inspection reports, photos (four, one of each corner) and powers of attorney. Broker may retain electronically scanned documents in lieu of hard copy, provided that they are retrievable, durable, legible, unalterable and compatible with Aspire’s systems. In lieu of retaining the same during the term of this Agreement, Broker may send to Aspire any such electronically scanned documents. Upon expiration or termination of this Agreement, Broker agrees to send to Aspire all such documents or copies; the failure to retain adequately the information required to be retained or not provided for as required by Aspire could lead to a denial of a claim and, in such event, producer will be responsible for payment therewith;
3.1.10. Provide to Aspire any information in Broker’s possession or control that Aspire may request in connection with this Agreement, including, without limitation, a copy of all or any part of any file concerning any person insured under, or who has applied for, a Policy or Renewal with respect to that Policy or Renewal or application for the same;
3.1.11. Cooperate with Aspire fully in Aspire’s investigation of any claim or loss involving a Policy or Renewal;
3.1.12. Pay to Aspire any and all amounts due hereunder within the time specified in the Submission Information or, if not specified, within twenty (20) days after receipt of Aspire’s invoice; and
3.1.13. Refund unearned commissions to Aspire at the same rate that such commissions were paid to Broker.
Appears in 2 contracts
Samples: Electronic Funds Transfer (Eft) and Check Authorization Agreement, Broker Agreement
Broker’s Obligations. Broker shall comply with all applicable laws relating to the performance of this agreement and:
3.1.1. Submit to Aspire promptly all premiums and documentation Aspire requires in any manner that Aspire may specify, which may include, without limitation, electronic transmission;
3.1.2. Maintain all required bonds, and an errors and omissions policy of insurance covering Broker and each of Broker’s employees, with minimum limits of liability of at least $1,000,000 from an insurance company acceptable to Aspire;
3.1.3. Submit all applications in accordance with Aspire Submission Information, as it may be itmaybe changed by Aspire pursuant to this Agreement;
3.1.4. Present to each applicant or insured:
3.1.4.1. All notices that Aspire may determine are legally necessary legallynecessary or legally prudentlegallyprudent;
3.1.4.2. All informational materials that Aspire supplies and asks Broker to providetoprovide; and
3.1.4.3. All notices required by California regulation or statute or any orany other law or lawor regulation.
3.1.5. Notify Aspire in writing of any and all Policies and Renewals subject to premium financing arrangements, and the name and address of the premium financing company, promptly after Broker arranges for or learns of the same. Nothing in this Agreement shall be construed as allowing any premium financing arrangements if prohibited by the Submission Information;
3.1.6. Pay for all of Broker’s operating expenses, including, without limitation, fees for broker bond, license, fees and taxes, and occupational or municipal license fees and taxes;
3.1.7. Comply with all applicable laws relating to the performance of this Agreement and brokers within the Territory, including, without limitation, privacy, licensing, and broker andbroker anti-steering laws;
3.1.8. Instruct each insured to immediately report directly to Aspire all claims or losses, and any inquiry or report concerning any claims or losses that Broker may receive;
3.1.9. Retain in an orderly fashion and for the period specified in the Submission Information, each of the following, to the extent applicable, with respect to Policies and Renewals: all original alloriginal signed applications, driver exclusions, selections and rejections of optional coverage, documents required by Aspire in support of premium discounts, vehicle inspection reports, photos (four, one of each corner) and powers of attorney. Broker may retain electronically scanned documents in lieu of hard copy, provided that they are retrievable, durable, legible, unalterable and compatible with Aspire’s systems. In lieu of retaining the same during the term of this Agreement, Broker may send to Aspire any such electronically scanned documents. Upon expiration or termination of this Agreement, Broker agrees to send to Aspire all such documents or copies; the failure to retain adequately the information required to be retained or not provided for as required by Aspire could lead to a denial of a claim and, in such event, producer will be responsible for payment therewith;
3.1.10. Provide to Aspire any information in Broker’s possession or control that Aspire may request in connection with this Agreement, including, without limitation, a copy of all or any part of any file concerning any person insured under, or who has applied for, a Policy or Renewal with respect to that Policy or Renewal or application for the same;
Appears in 2 contracts
Samples: Broker Agreement, Broker Agreement
Broker’s Obligations. Broker shall comply with all applicable laws relating to the performance of this agreement and:
3.1.1. Submit to Aspire promptly all premiums and documentation Aspire requires in any manner that Aspire may specify, which may include, without limitation, electronic transmission;
3.1.2. Maintain all required bonds, and an errors and omissions policy of insurance covering Broker and each of Broker’s employees, with minimum limits of liability of at least $1,000,000 from an insurance company acceptable to Aspire;
3.1.3. Submit all applications in accordance with Aspire Submission Information, as it may be itmaybe changed by Aspire pursuant to this Agreement;
3.1.4. Present to each applicant or insured:
3.1.4.1. All notices that Aspire may determine are legally necessary legallynecessary or legally prudentlegallyprudent;
3.1.4.2. All informational materials that Aspire supplies and asks Broker to providetoprovide; and
3.1.4.3. All notices required by California regulation or statute or any orany other law or lawor regulation.
3.1.5. Notify Aspire in writing of any and all Policies and Renewals subject to premium financing arrangements, and the name and address of the premium financing company, promptly after Broker arranges for or learns of the same. Nothing in this Agreement shall be construed as allowing any premium financing arrangements if prohibited by the Submission Information;
3.1.6. Pay for all of Broker’s operating expenses, including, without limitation, fees for broker bond, license, fees and taxes, and occupational or municipal license fees and taxes;
3.1.7. Comply with all applicable laws relating to the performance of this Agreement and brokers within the Territory, including, without limitation, privacy, licensing, and broker andbroker anti-steering laws;
3.1.8. Instruct each insured to immediately report directly to Aspire all claims or losses, and any inquiry or report concerning any claims or losses that Broker may receive;
3.1.9. Retain in an orderly fashion and for the period specified in the Submission Information, each of the following, to the extent applicable, with respect to Policies and Renewals: all original alloriginal signed applications, driver exclusions, selections and rejections of optional coverage, documents required by Aspire in support of premium discounts, vehicle inspection reports, photos (four, one of each corner) and powers of attorney. Broker may retain electronically scanned documents in lieu of hard copy, provided that they are retrievable, durable, legible, unalterable and compatible with Aspire’s systems. In lieu of retaining the same during the term of this Agreement, Broker may send to Aspire any such electronically scanned documents. Upon expiration or termination of this Agreement, Broker agrees to send to Aspire all such documents or copies; the failure to retain adequately the information required to be retained or not provided for as required by Aspire could lead to a denial of a claim and, in such event, producer will be responsible for payment therewith;
3.1.10. Provide to Aspire any information in Broker’s possession or control that Aspire may request in connection with this Agreement, including, without limitation, a copy of all or any part of any file concerning any person insured under, or who has applied for, a Policy or Renewal with respect to that Policy or Renewal or application for the same;
3.1.11. Cooperate with Aspire fully in Aspire’s investigation of any claim or loss involving a Policy or Renewal;
3.1.12. Pay to Aspire any and all amounts due hereunder within the time specified in the Submission Information or, if not specified, within twenty (20) days after receipt of Aspire’s invoice; and
3.1.13. Refund unearned commissions to Aspire at the same rate that such commissions were paid to Broker.
Appears in 2 contracts
Samples: Electronic Funds Transfer (Eft) and Check Authorization Agreement, Electronic Funds Transfer (Eft) and Check Authorization Agreement
