Common use of Change of Servicing Agent Clause in Contracts

Change of Servicing Agent. Requests for change of servicing agent submitted by a Contractholder may be granted if it appears to be in the best interest of the Contractholder and the Company. A change will transfer the right to receive commissions to the new servicing agent. Contracts, for which an agent cannot be located, within a reasonable amount of time, will be converted to Agency accounts.

Appears in 2 contracts

Samples: Agency Agreement (Symetra Financial CORP), Agency Agreement (Symetra Financial CORP)

AutoNDA by SimpleDocs

Change of Servicing Agent. Requests for change of servicing agent submitted by a Contractholder may be granted if it appears to be in the best interest of the Contractholder and the Company. A change will transfer the right to receive commissions to the new servicing agent. Contracts, for which an agent cannot be located, within a reasonable amount of time, will be converted to Agency Company accounts.

Appears in 1 contract

Samples: Agency Agreement (Symetra Financial CORP)

AutoNDA by SimpleDocs

Change of Servicing Agent. Requests for change of servicing agent submitted by a Contractholder may be granted if it appears to be in the best interest of the Contractholder and the Company. A change will transfer the right to receive commissions to the new servicing agent. Contracts, for which an agent cannot be located, within a reasonable amount of time, will be converted to Agency accounts.. Definitions

Appears in 1 contract

Samples: Agency Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!