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 commotion, or a disturbance or riot is in progress, is imminent, or may be expected in the foreseeable future; c. Areas are under curfew or martial law, such as for civil unrest; d. Requests or directions from the Manager or Company relating to implementation of the Company’s exposure management plans or business objectives. 5. Agent shall have no authority to reply to any complaint or inquiry to any regulatory authority or otherwise by any third party against the Company or Manager. Upon receipt of any such inquiry or complaint, Agent shall immediately notify the Manager and shall assist the Company or Manager fully and completely in preparing and filing its reply thereto. 6. Agent shall have no authority to adjust, compromise, settle or pay any claim or demand made on any policy and shall not admit or deny liability on the part of the Company for any loss or claim under any policy but shall cooperate fully and completely with company in the investigation, adjusting, settlement, litigation or payment of any claim under any policy.
Appears in 12 contracts
Samples: Agent Agreement, Agency Appointment Agreement, Agent Agreement
