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General Agent Sample Clauses

General Agent and Broker Dealer, jointly and severally, indemnify and hold harmless The Company, Xxxx Xxxxxxx Distributors LLC, and their respective affiliates, officers, directors, employees and agents against any and all loss, claim, damage, liability or expense (including reasonable attorneys' fees), joint or several, insofar as such loss, claim, damage, liability or expense arises out of or is based upon any breach of this Agreement, any applicable law or regulation, or any applicable rule of any self-regulatory organization, by General Agent, Broker-Dealer or any of the Agents. This indemnification will be in addition to any liability which the General Agent and Broker-Dealer may otherwise have.
General Agent expressly covenants and agrees that after termination of this Agreement, for any reason, he/she shall not for a period of one year thereafter, nor shall he/she assist, encourage or induce others to do, any of the following things: induce, or attempt to induce, any of the Contract owners to whom he/she or any Registered Representative in his/her General Agency was assigned while this Agreement was in effect, to cancel, lapse, or surrender their contracts with LBVIP.
General Agent and Broker-Dealer shall be responsible for carrying out sales and administrative obligations under this Agreement in continued compliance with applicable federal and state laws. General Agent and Broker-Dealer are not authorized to give any information or make any representations concerning First Golden, the Trust, the Variable Accounts, and the Policies other than those contained in the Policy Prospectus, Policy Registration Statement, Trust Prospectus, Trust Registration Statement, or in such sales literature, advertisements or reports that are both approved and, if required, filed with the NASD by First Golden or Directed Services.
General Agent shall pay to the Company all premium taxes payable for policies subject to reinsurance hereunder. In the event that the ceding fee and premium taxes are not so paid by the General Agent within 60 days following the end of the month, the unpaid balance shall be paid directly to the Company by the Reinsurer.
General Agent. GENERAL AGENT SHALL INDEMNIFY, DEFEND AND HOLD HARMLESS COMPANY, SINGULARLY AND COLLECTIVELY, FROM ANY AND ALL LOSSES, LIABILITIES, ACTIONS, SUITS, DEMANDS, CAUSES OF ACTION, DAMAGES, PENALTIES, FINES, JUDGMENTS AND EXPENSES, INCLUDING ANY AND ALL EXTRA CONTRACTUAL CLAIMS OR LOSSES IN EXCESS OF POLICY LIMITS (ALL SPECIFICALLY INCLUDING BUT NOT LIMITED TO ATTORNEYS’ FEES AND COURT COSTS), (“CLAIMS”) WHICH MAY BE MADE AGAINST COMPANY, SINGULARY OR COLLECTIVELY, AND WHICH ARISE, EITHER DIRECTLY OR INDIRECTLY, OUT OF OR IN CONNECTION WITH: Managing General Agency Agreement Effective July 1, 2006 (a) GENERAL AGENT’S PERFORMANCE OR FAILURE TO PERFORM UNDER THE TERMS OF THIS AGREEMENT; (b) A VIOLATION OF ANY REGULATION BY GENERAL AGENT, ANY AGENT, OR ANY BROKER OR THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR REPRESENTATIVES; (c) A BREACH BY GENERAL AGENT OF ANY COVENANT, CONDITION, WARRANTY OR REPRESENTATION MADE TO COMPANY; (d) THE FAILURE BY GENERAL AGENT, ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR REPRESENTATIVES TO PROPERLY DISCHARGE DUTIES AND OBLIGATIONS UNDER THIS AGREEMENT OR TO PROPERLY OBSERVE AND COMPLY WITH LIMITATIONS OF AUTHORITIES UNDER THIS AGREEMENT; OR (e) NEGLIGENCE, WILLFUL MISCONDUCT OR LACK OF GOOD FAITH ON THE PART OF GENERAL AGENT, ANY AGENT, OR ANY BROKER OR THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR REPRESENTATIVES, WHETHER OR NOT SUCH CLAIMS ALSO ARISE OUT OF THE COMPARATIVE NEGLIGENCE OR OTHER FAULT OF COMPANY, AND EXCEPTING ONLY WHERE SUCH CLAIMS ARISE OUT OF THE SOLE NEGLIGENCE OR OTHER FAULT OF COMPANY.
General Agent. Individual or Corporation to which this Agreement is binding upon.
General Agent. LICENSED GENERAL AGENT OR AGENCY NAME: ADDRESS: ------------------------------------------------------ -------------------------------------------------------------- TAX ID NO.: --------------------------------------------------- -------------------------------------------------------------- PRINT NAME AND TITLE OF AUTHORIZED OFFICER BY ------------------------------------------------------------ SIGNATURE AND TITLE OF AUTHORIZED OFFICER DATE -------------------------------------------------------------- NASD BROKER/DEALER REGISTERED NAME: ---------------------------------------------- HOME/OFFICE ADDRESS: ------------------------------------------ -------------------------------------------------------------- TAX ID NO.: --------------------------------------------------- -------------------------------------------------------------- PRINT NAME AND TITLE OF AUTHORIZED OFFICER BY ------------------------------------------------------------ SIGNATURE AND TITLE OF AUTHORIZED OFFICER DATE CLARENDON INSURANCE AGENCY, INC. ATTN: XXXXXX X. XXXXX 000 XXXXXXXX XXXXXX XXXXXX, XX 00000 CLARENDON INSURANCE AGENCY, INC. BY: XXXXXX X. XXXXX ----------------------------------------------------------- XXXXXX X. XXXXX, SECRETARY SUN LIFE OF CANADA (U.S.) ATTN: XXXXXX X. XXXXX ONE SUN LIFE EXECUTIVE PARK XXXXXXXXX XXXXX, XX 00000 SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.) BY: XXXXXX X. XXXXX ----------------------------------------------------------- XXXXXX X. XXXXX, SECRETARY EXHIBIT B GENERAL LETTER OF RECOMMENDATION BROKER-DEALER hereby certifies to Sun Life of Canada (U.S.) that all the following requirements will be fulfilled in conjunction with the submission of licensing/appointment papers for all applicants as agents of Sun Life of Canada (U.S.) submitted by BROKER-DEALER BROKER-DEALER will, upon request, forward proof of compliance with same to Sun Life of Canada (U.S.) in a timely manner.
General Agent. Broker-Dealer and Directed Services jointly agree to cooperate fully in any insurance regulatory investigation or proceeding or judicial proceeding arising in connection with the Policies marketed under this Agreement. General Agent, Broker-Dealer and Directed Services further agree to cooperate fully in any securities regulatory investigation or proceeding or judicial proceeding arising in connection with the Policies marketed under this Agreement. Without limiting the foregoing: (a) Directed Services will promptly notify General Agent of any customer complaint or notice of any regulatory investigation or proceeding or judicial proceeding received by Directed Services or First Golden with respect to General Agent or any employee of General Agent or which may affect First Golden's issuance of any Policy marketed under this Agreement. (b) General Agent or Broker-Dealer will promptly notify Directed Services and/or First Golden, as appropriate, of any written customer complaint or notice of any regulatory investigation or proceeding received by General Agent or Broker-Dealer with respect to General Agent, Broker-Dealer or any of its employees in connection with any Policy marketed under this Agreement or any activity in connection with any such Policy.
General Agent. Broker/Dealer shall indemnify and hold harmless Insurance Company, its subsidiaries and affiliates and their respective officers, directors and employees against any and all losses, claims, damages, liabilities or expenses (including the reasonable costs of legal representation and investigation) to which Insurance Company may become subject which arise out of or are based on Insurance Company’s reliance on incorrect information submitted to Insurance Company in the Transmission, or arising out of or based on a breach or violation of the representations, warranties or covenants contained herein.
General Agent. Has a broad range of powers – property manager