LIMITATIONS ON AGENT'S AUTHORITY. Agent shall not, without prior written approval of Principal:
A. Commit Principal to a risk in excess of One Million Five Hundred Thousand Dollars ($1,500,000.00). This limit shall include not only the commitment, policy, endorsement and/or other title assurance immediately being issued, but also risks where
(i) Agent knows or has reason to believe that additional title insurance will be ordered covering substantially the same real property; or
(ii) the aggregate liability will exceed the referenced limit, such as condominium and time share projects (hereafter referred to as the "Risk Limit").
B. Commit Principal to insure a title involving a risk which, if disclosed to Principal, would have been determined to be extra-ordinary or extra-hazardous, or which Agent knew or could have discovered, through the exercise of reasonable diligence, to have been based upon a disputed title. The provisions hereunder shall apply notwithstanding the fact that the dollar amount of the transaction or the risk is less than the Risk Limit set forth in Paragraph 7A hereof.
C. Alter the printed language of any commitment, policy, endorsement or other form furnished by Principal, or commit Principal to any particular interpretation of the terms or provisions thereof or issue any policy, endorsement or other title assurance which has not been approved for use by all required state regulatory agencies and by Principal.
D. Adjust or otherwise settle or attempt to settle any claim for loss for which Principal may become liable or engage counsel to represent Principal or the insured.
E. Accept service of process on Principal. Agent shall immediately notify Principal of any attempted service of process upon Agent for Principal. Agent shall also immediately notify Principal of any matter that is or may become a claim against Principal of which Agent has knowledge.
F. Incur bills or debts chargeable to Principal.
G. Commit Principal to a risk with respect to a transaction in which Agent, a member of Agent's immediate family, a partner, member or shareholder of Agent or a member of the immediate family of a partner, member or shareholder of Agent has or will have a legal or an equitable interest.
H. Handle escrow funds or conduct a Closing, as hereafter defined, of a transaction in which Agent, a member of Agent's immediate family, a partner, member or shareholder of Agent or a member of the immediate family of a partner, member or shareholder of Agent has or will have a legal or an equ...
LIMITATIONS ON AGENT'S AUTHORITY. In addition to authority that is impliedly restricted through exclusion from this Agreement, the Agent agrees to adhere to the following:
1. The Agent shall not publish, distribute or circulate advertising of any character on behalf of or with reference to the Company or Manager without the prior written consent of the Manager. The Agent acknowledges and agrees that all logos and insignia of the Manager and the Company are and shall remain the exclusive property of those parties and may not be used in any way without prior authorization. Requests for authorization for use of advertising or marketing materials may be submitted to Xxxxxxxxx@xxxxxxxxxxxxxxxxx.xxx. Authorization to use any logos or insignia of the Manager or Company does not convey to Agent any property rights in or license to such logos or insignia, and use thereof shall be limited to the purpose and manner set forth in the request for authorization. Any such authorization may be suspended or revoked in the sole discretion of the Company or Manager;
2. All business placed by the Agent with the Company through the Manager must originate from persons licensed for the Agent and holding proper appointments, each in accordance with the laws of the applicable jurisdictions. Brokered business is not permitted and constitutes a violation of this Agreement. The Agent agrees to promptly advise the Manager of any additional or changed appointments, or terminations of appointments, necessary or appropriate for the effectuation of the Agent’s business under this Agreement. Upon such advice, the Manager agrees to provide such assistance as is reasonably necessary to the Agent in obtaining new, changed or terminated appointments as appropriate for the transaction of business under this Agreement;
3. The Agent will not assign any policy from one person to another without the prior written consent of the Manager.
4. The Agent acknowledges and agrees that the Manager or Company may suspend the binding of insurance, if applicable, or writing of insurance policies from time to time in their sole discretion. The scope and duration of any such suspensions will be determined by the Manager or Company in their sole discretion. Examples of circumstances in which the Manager or Company may suspend binding or writing include but are not limited to:
a. Potential or threatening weather-related occurrences such as severe weather warnings and watches or when a severe weather event is in progress;
b. Civil disorder, civil c...
LIMITATIONS ON AGENT'S AUTHORITY. Agent shall have no authority nor shall it represent itself as having such authority other than as is specifically set forth in this Agreement. Without limiting the generality of the foregoing sentence, Agent agrees that it will not do any of the following:
3.1 BIND COVERAGE. Bind coverage without prior approval of Company. Written application must follow within three (3) working days. Binder may not be extended without Company approval.
LIMITATIONS ON AGENT'S AUTHORITY. Agent shall have no authority, nor shall it represent itself as having such authority, other than as is specifically set forth in this Agreement. Without limiting the generality of the foregoing sentence, Agent agrees that it will not do any of the following:
LIMITATIONS ON AGENT'S AUTHORITY. Except as otherwise approved by AvMed in writing, Agent is not authorized to: accept any risks on behalf of AvMed; make any promise or agreement on behalf of AvMed; bind or commit AvMed in any way; incur any expense, indebtedness or liability in the name of AvMed; make, alter, waive or discharge any of the terms, rates, proposals, limitations or conditions of any application or Commercial Group Product issued, or to be issued, by AvMed; receive any monies due or to become due to AvMed, except the initial premiums; deduct compensation from the initial premiums received; waive any forfeiture or extend the time for making payment of any premiums; adjust or settle any claims; enter into any proceeding in a court of law or before a regulatory agency in the name of or on behalf of AvMed including acceptance of legal process on behalf of AvMed, but where Agent is named with AvMed, Agent must retain its own counsel.
LIMITATIONS ON AGENT'S AUTHORITY. 3.1 Agent may only bind insurance within HMGA’s binding restrictions, which may be revoked or limited at any time by HMGA.
3.2 Agent agrees to be bound by the prevailing published underwriting guidelines in force at the time that the insurance to which such underwriting guidelines relate is placed by Agent under this Agreement. If any other term of this Agreement limits Agent’s authority to specific coverage’s or otherwise restricts Agent, receipt by Agent of any underwriting guidelines shall not operate to expand Agent’s authority.
3.3 The agent shall have no authority to waive or modify any term of the insurance policy.
3.4 Agent shall have no authority to broker any business hereunder, or to share Commission with another broker or agent not employed by or associated with Agent. No employee of Agent shall bind or place any application for insurance with any Insurance Company unless appointed by that company as required by law.
3.5 All of the foregoing authority and powers shall be subject at all times to compliance by HMGA and Agent with all local, state, and federal laws, and to all terms and conditions of the Agreement hereinafter set forth.
3.6 Agent agrees that he will not use the name, trade name, logo, trademark or other intellectual property of HMGA in any advertising without prior written approval by HMGA.
LIMITATIONS ON AGENT'S AUTHORITY. The Agent shall have no authority, nor shall it represent itself to have any authority other than as specifically provided for in this Agreement. Agent shall not perform any of the following acts:
a. Make, waive, alter, or change any term, rate or condition stated in any policy of insurance or Company approved form or rate, without the prior written consent of the Company;
b. Extend the time for payment of premiums or other monies due to the Company;
c. Transact business contrary to the rules and regulations of any insurance department and/or other governmental authorities having jurisdiction over any actions performed under this Agreement;
d. Make, accept or endorse notes or checks payable to the Company, or otherwise incur any expense or liability on behalf of the Company, unless authorized in writing by the Company;
e. Enter into a sub-agent, broker, or other agreement that authorizes the sub-agent, broker or other party to perform any act, affecting any term or condition of this Agreement; or
f. Back date the effective date of coverage of any binder or policy.
g. Enter into any contractual agreement on behalf of the Company unless the Company gives its expressed written consent.
LIMITATIONS ON AGENT'S AUTHORITY. The authority granted to you does not permit you or Subagents to do, or to represent yourselves as having such authority to do, any of the following.
(a) You will not, and will ensure that Subagents do not, (i) waive, make or modify any terms, rates, conditions or limitations of, or approve evidence of insurability under, any Contract or form provided by the Company; (ii) adjust, settle or admit liability on any claim or enter into any legal proceedings pertaining to our business unless authorized in writing by Distributor; (iii) incur any debt or expense on our behalf; (iv) bind us by any promise or agreement; (v) collect any money for us except the collection of the first premium on the Contracts; (vi) exercise any authority on our behalf other than as expressly authorized by this Agreement; or (vii) extend the time for any premium payment.
(b) You will not pay or allow, or offer to pay or allow, any rebate of premium or any other consideration as an inducement to any person to purchase, continue, renew, or exchange a Contract that is not specified in the Contract. You will ensure that Subagents comply with this limitation.
(c) You will not, and will ensure that Subagents do not, publish, alter, circulate or use in any manner any advertisements, sales literature, policy analysis, proposals, illustration, performance data or other material, whether printed or electronic, which refers to WSFGD, Company, any affiliate of Company or any product or service of Company or any affiliate of Company, without our prior written consent. Further, neither you nor Subagents will use outdated advertisements, sales literature, policy analysis, proposals, illustration, performance data or other material, whether printed or electronic, even if the material was previously approved by us, without our prior written consent.
(d) You will not engage in any activity, and cause Subagents not to engage in any activity, prohibited by federal or state privacy, insurance, securities and other applicable laws, or the rules of any self regulatory body governing activity covered by this Agreement.
(e) You will not, and will ensure that Subagents do not, conduct any business or make any representations on behalf of any specific Company in any state where the specific Company is not authorized, admitted or otherwise licensed to do business.
(f) You will not, and will ensure that Subagents do not, deliver any life insurance policy if you know or reasonably should have known that the applic...
LIMITATIONS ON AGENT'S AUTHORITY. In addition to authorities impliedly restricted through their exclusion from this Agreement:
1. The Agent shall not publish, distribute or circulate advertising of any character on behalf of or with reference to the Company or Manager without the prior written consent of the Manager. Agent hereby acknowledges and agrees that all logos and insignia of the Manager and the Company are and shall remain the exclusive property of those parties and may not be used in any way without such prior authorization;
2. All business placed by the Agent with the Company must originate from persons licensed for the Agent and holding proper appointments therefor. Brokered business shall be deemed a violation of this Agreement. Agent shall promptly advise Manager of any additional or changed appointments, or terminations of appointments, necessary or appropriate for the effectuation of business hereunder. Upon such advice, Manager shall assist Agent in obtaining such new, changed or terminated appointments as are appropriate for the transaction of business hereunder;
3. The Agent will not assign any policy from one person to another without the prior written consent of the Manager.
4. Agent acknowledges and agrees that the Manager will suspend binding or writing policies of insurance providing coverage for fire, windstorm, explosion, riot and civil commotion, damage to real or personal property, or extended coverage, except renewals of existing policies in the same company, upon any one or more of the following:
a. In accordance with any storm procedures of the Company or the Manager as set forth in the Company’s rules of practice or other manual or in communications from the Manager to the Agent, or when hurricane or tornado watches or warnings have been posted, or when there are definite indications or there is general knowledge by the public that a named storm may be expected in the immediate future within the vicinity of the risk in question; or
b. When a named storm is in progress; or
c. When civil disorder, civil commotion, or a disturbance or riot is in progress; or
d. When there are definite indications or there is general knowledge by the public that a civil disorder, disturbance, civil commotion or riot is imminent or may be expected in the immediate future within the vicinity of the risk in question; or
e. On any risk in areas, subdivisions, municipalities, cities, counties, or states which are under curfew or martial law, such as for civil unrest; or
f. Upon recei...
LIMITATIONS ON AGENT'S AUTHORITY. The Company shall supply to Agent any approved marketing materials about the Plans. The Agent is not authorized to alter or modify the Company’s approved marketing materials or any policy forms if the Plan is an insured plan. Agent may use any other marketing materials about the Plans but only with the Company’s advanced written approval. The Agent shall not use any trademark or Logo of the Company or any of the Company’s clients without advanced written approval of the Company. The Agent may not interpose its Logo or trademarks on any of the Company’s approved marketing materials without advanced written approval of the Company. The Agent may not waive, forfeit, grant permits, name special rates or bind the Company in any way other than as set forth in this Agreement. The Agent shall have no authority other than as herein expressly stated in this Agreement. Agent shall not misrepresent any details of; 1) the plans, terms and conditions, limitations and exclusions and 2) the available territories; both of which are represented in the most current Company marketing, fulfillment and web enrollment site materials. Agent shall only sell, market and solicit by means of face to face sales or web based sales using Company enrollment site.
