Financed Premiums. On all premiums which have been financed, SYNCHRONOSURE (or the relevant Insurer) will remit payment for any return premium less unearned commissions directly to the finance company unless otherwise specified. The ultimate liability of SYNCHRONOSURE for payment to a finance company shall never exceed the amount of return premium less unearned commission developed. Producer agrees to hold SYNCHRONOSURE harmless from any responsibility for payment to a finance company and further agrees that financing arrangements do not diminish the responsibility for the timely payment of premium by the Producer.
Appears in 4 contracts
Samples: Producer Agreement, Producer Agreement, Producer Agreement
