Insurance Agent Clause Samples

An insurance-agent clause defines the role and responsibilities of an insurance agent in relation to the agreement or policy. Typically, it clarifies whether the agent is authorized to act on behalf of the insurer, the insured, or both, and may specify the limits of the agent’s authority, such as collecting premiums or delivering policy documents. This clause ensures that all parties understand the agent’s capacity and prevents misunderstandings about who is responsible for certain actions or communications, thereby reducing the risk of disputes regarding coverage or obligations.
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Insurance Agent. With respect to any property and casualty insurance that NC obtains or maintains on the properties leased by NC under the Lease, NC shall obtain or maintain, through December 31, 2006, such insurance through ▇▇▇▇-▇▇▇▇▇▇▇ Agency, provided that such agency: (i) is not prohibited by law, contract or otherwise from insuring such properties, (ii) is and remains a financially sound and reputable insurance provider and (iii) agrees to terms and conditions of insurance, including pricing terms, that are reasonable, customary and competitive in the industry.
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Insurance Agent. The lowest or any Bid is requested to provide the name and telephone number of the Insurance Agent providing the insurance coverage in accordance with the requirements specified in the Special Conditions of the Contract. Failure by the Bidder to provide this information may be cause to invalidate the tender and may cause rejection.
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Insurance Agent. An individual who is duly licensed, registered and otherwise qualified to solicit applications for insurance products such as the Products under the insurance laws of all states and jurisdictions in which such individual is required to be licensed in order to make such solicitations, (ii) is authorized to solicit applications and sell and service insurance products under a sales agreement with the BGA and (iii) is insured under an errors and omissions policy in an amount not less than ______________.
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Insurance Agent. The use of Passaic County Community College properties by the aforementioned organization is contingent on a certificate of insurance on file with the Passaic County Community College, at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. The certificate of insurance must indicate the following:
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Insurance Agent. In a capacity separate from AEWM, the individuals serving as IARs of AEWM may also be state licensed as insurance agents. Client is not obligated in any manner to purchase insurance or annuity products through such individual. If Client elects to purchase an insurance or annuity product through such individual in his or her separate capacity as an insurance agent, this individual will receive a commission. As a result, this is a conflict of interest, and the objectivity of the advice rendered to Client is biased. An individual serving as IAR of AEWM who is also licensed as insurance agent may recommend insurance and/or annuity products that generally pay commissions to the insurance agent which vary depending upon the particular product recommended. Consequently, the IAR of AEWM has an economic incentive to recommend the insurance and annuity products with a higher commission rate, which is a conflict of interest. AEWM manages this conflict of interest by requiring that each IAR only recommend insurance and annuities when in the best interest of the client and without regard to the financial interest of AEWM and its IAR. Client is under no obligation to use such IAR as Client’s insurance agent.
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Insurance Agent. In a capacity separate from AEWM, the individuals serving as IARs of AEWM may also be state licensed as insurance agents. Client is not obligated in any manner to purchase insurance or annuity products through such individual. If Client elects to purchase an insurance or annuity product through such individual in his or her separate capacity as an insurance agent, this individual will receive a commission, which will vary depending upon the particular product recommended. As a result, this is a conflict of interest, and the objectivity of the advice rendered to Client is biased. AEWM manages this conflict of interest by requiring that each IAR only recommend insurance and annuities when in the best interest of the client and without regard to the financial interest of AEWM and its IAR. Client is under no obligation to use such IAR as Client’s insurance agent.
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Insurance Agent. Fidelity National Title Group Contact Information:▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ Memphis, Tennessee 38119 Attn: ▇▇▇ ▇▇▇ Telephone: (▇▇▇) ▇▇▇-▇▇▇▇ Fax: (▇▇▇) ▇▇▇-▇▇▇▇ Email: ▇▇▇.▇▇▇@▇▇▇▇.▇▇▇ ​
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Insurance Agent. In a capacity separate from Adviser, the individuals serving as IARs of Adviser may also be state licensed as insurance agents. Client is not obligated in any manner to purchase insurance or annuity products through such individual. If Client elects to purchase an insurance or annuity product through such individual in his or her separate capacity as an insurance agent, this individual will receive a commission, which will vary depending upon the particular product recommended. As a result, this is a conflict of interest, and the objectivity of the advice rendered to Client is biased.
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Insurance Agent. Your financial professional is affiliated with Mutual of Omaha as an insurance agent and can recommend proprietary insurance products of Mutual of Omaha and its affiliates or non-proprietary products through an affiliate marketing organization. As an insurance agent, your financial professional may receive compensation in the form of sales incentives and trips. This presents a conflict of interest for your financial professional to offer the sale of proprietary insurance products or non-proprietary products through an affiliate marketing organization rather than other financial products that could be more appropriate. In addition, this presents a conflict of interest for MOIS’s affiliate companies as they make money from the sale of insurance products.
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Related to Insurance Agent

  • Insurance & Bonding The Subrecipient shall carry sufficient insurance coverage to protect contractor's assets from loss due to theft, fraud and/or undue physical damage, and as a minimum, shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the Grantee. The Subrecipient shall comply with the bonding and insurance requirements of 2 CFR 200.304.

  • Insurance Companies Insurance required hereunder shall be in companies duly licensed to transact business in the State of Washington, and maintaining during the policy term a General Policyholders Rating of ‘A-’ or better and a financial rating of ‘IX’ or better, as set forth in the most current issue of “Best’s Insurance Guide.”

  • Standard Hazard Insurance and Flood Insurance Policies (a) For each Mortgage Loan, the Master Servicer shall enforce any obligation of the Servicers under the related Servicing Agreements to maintain or cause to be maintained standard fire and casualty insurance and, where applicable, flood insurance, all in accordance with the provisions of the related Servicing Agreements. It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the applicable Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted loan, other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. (b) Pursuant to Section 4.01 and 4.02, any amounts collected by the Servicers or the Master Servicer, or by any Servicer, under any insurance policies (other than amounts to be applied to the restoration or repair of the property subject to the related Mortgage or released to the Mortgagor in accordance with the applicable Servicing Agreement) shall be deposited into the Master Servicer Collection Account, subject to withdrawal pursuant to Section 4.02 and 4.03. Any cost incurred by the Master Servicer or any Servicer in maintaining any such insurance if the Mortgagor defaults in its obligation to do so shall be added to the amount owing under the Mortgage Loan where the terms of the Mortgage Loan so permit; provided, however, that the addition of any such cost shall not be taken into account for purposes of calculating the distributions to be made to Certificateholders and shall be recoverable by the Master Servicer or such Servicer pursuant to Section 4.02 and 4.03.

  • Standard Hazard and Flood Insurance Policies For each Mortgage Loan (other than a Cooperative Loan), the Master Servicer shall maintain, or cause to be maintained by each Servicer, standard fire and casualty insurance and, where applicable, flood insurance, all in accordance with the provisions of this Agreement and the related Servicing Agreement, as applicable. It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the applicable Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted loan, other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. Pursuant to Section 4.01, any amounts collected by the Master Servicer, or by any Servicer, under any insurance policies maintained pursuant to this Section 9.16 or any Servicing Agreement (other than amounts to be applied to the restoration or repair of the property subject to the related Mortgage or released to the Mortgagor in accordance with the applicable Servicing Agreement) shall be deposited into the Collection Account, subject to withdrawal pursuant to Section 4.02. Any cost incurred by the Master Servicer or any Servicer in maintaining any such insurance if the Mortgagor defaults in its obligation to do so shall be added to the amount owing under the Mortgage Loan where the terms of the Mortgage Loan so permit; provided, however, that the addition of any such cost shall not be taken into account for purposes of calculating the distributions to be made to Certificateholders and shall be recoverable by the Master Servicer or such Servicer pursuant to Section 4.02.

  • Reinsurance Administration A. Within thirty (30) days after the end of each calendar month, the Cedent shall take all reasonable and appropriate steps to furnish the Reinsurer with a seriatim electronic report, as detailed in Schedule C, for each Reinsured Contract, valued as of the last day of that month. On or before September 30, 2001, the Cedent shall provide the initial seriatim electronic report, which shall cover the period from the Effective Date hereof through August 31, 2001; provided, however, that the initial seriatim electronic report may omit Funding Vehicle Values by MorningStar designation. The Cedent shall provide complete seriatim electronic data, as required herein, on or before April 30, 2002. Failure to provide this information as required shall constitute a material breach within the scope of Article XX, Paragraph G. B. Additionally, within thirty (30) days after the end of each calendar month the Cedent shall furnish the Reinsurer with a separate Summary Statement containing the following: 1. Reinsurance Premiums due to the Reinsurer summarized separately for each premium class by GMDB, EPB, and Income Program, as shown in Exhibit II; 2. benefit claim recoverables due to the Cedent in total and, if applicable, broken down by VNAR, SCNAR, and EEMNAR and Income Program; and 3. the month end date for the period covered by the Summary Statement. C. If the net balance is due to the Reinsurer, the Cedent shall remit the amount due with the Summary Statement, but no later than thirty (30) days after the month end date for the period covered by the Summary Statement. If the net balance is due to the Cedent, the Reinsurer shall remit the amount due to the Cedent within ten (10) days after receipt of the Summary Statement. D. The payment of Reinsurance Premiums is a condition precedent to the liability of the Reinsurer under this Agreement. In the event that the Cedent does not pay the Reinsurance Premiums in a timely manner, as defined below, the Reinsurer may exercise the following rights: 1. The Reinsurer shall charge interest if Reinsurance Premiums are not paid within thirty (30) days of the due date, as defined in Paragraph C of this Article. The interest rate charged shall be based on the ninety-(90) day federal Treasury ▇▇▇▇, as published in The Wall Street Journal on the first business day in the month following the due date of the Reinsurance Premiums, plus one hundred (100) basis points. The method of calculation shall be simple interest (360-day year). 2. The Reinsurer may terminate this Agreement in the event that Reinsurance Premium payments are more than sixty (60) days past due after the due date, as described in Paragraph C of this Article, by giving sixty (60) day written notice of termination to the Cedent. As of the close of the last day of this sixty-(60) day notice period, the Reinsurer's liability with respect to the ceded liabilities shall terminate. If all Reinsurance Premiums that are the subject of a sixty (60) day termination notice shall have been received by the Reinsurer within the time specified, the termination notice shall be deemed vacated and the Agreement shall remain in effect.