COLLECTION AND DISTRIBUTION OF FUNDS. A. You agree to promptly remit to us, when due, all deposit premiums and applicable taxes and fees with all applications in accordance with the Program(s), and you shall abide by each Program’s premium payment requirements and our credit and collection policies. In the event return premium is due an Insured, you shall promptly return unearned premium and commission to the appropriate party in compliance with all applicable laws and regulations.
COLLECTION AND DISTRIBUTION OF FUNDS. A. You agree to promptly remit to us, when due, all net premiums and applicable taxes and fees due under this Agreement, within thirty (30) days of the invoice and/or binder date with all business or applications in accordance with the Agreement, and you shall abide by each of our premium payment requirements and our credit and collection policies. In the event return premium is due an Insured pursuant to this Agreement, you shall promptly return unearned premium and commission to the appropriate party in compliance with all applicable laws and regulations. You agree that you are responsible for paying us, and will pay to us, all policy premiums.
COLLECTION AND DISTRIBUTION OF FUNDS. A. Producer agrees to promptly pay General Agent for the down payment on all policies bound in accordance with the Program Appointment and each Program(s) premium payment guidelines and General Agent’s credit and collection policies.
COLLECTION AND DISTRIBUTION OF FUNDS. A. When writing DIRECT XXXX POLICIES, all premiums received by the Agent will be forthwith sent to Cabrillo without deduction for commissions.
COLLECTION AND DISTRIBUTION OF FUNDS
