Common use of Nature of the Contract Clause in Contracts

Nature of the Contract. 2.1 The parties hereto acknowledge and agree that the Representative is an independent contractor, subject to and governed by the provisions of the applicable provincial or territorial insurance laws and regulations in the jurisdiction in which the Representative carries on business (the “Law”) and the requirements, including any applicable code of ethics or code of conduct, of the applicable provincial or territorial insurance regulatory authorities in such jurisdiction (the “Regulatory Authority”). This Contract does not contain anything that has the effect of creating an employment relationship between the Company and the Representative and nothing in this Contract shall be construed so as to imply or create an employer/ employee relationship between the Company and the Representative. The Representative shall not at any time or under any circumstances whatsoever hold him or herself out as an employee of the Company .

Appears in 3 contracts

Samples: Independent Representative's Contract, Independent Representative’s Contract, Independent Representative's Contract

AutoNDA by SimpleDocs

Nature of the Contract. 2.1 The parties hereto acknowledge and agree that the Representative is an independent contractor, subject to and governed by the provisions of the applicable provincial or territorial insurance laws and regulations in the jurisdiction in which the Representative carries on business (the “Law”) and the requirements, including any applicable code of ethics or code of conduct, of the applicable provincial or territorial insurance regulatory regula- tory authorities in such jurisdiction (the “Regulatory Authority”). . 2.2 This Contract does not contain anything that has the effect of creating an employment relationship between the Company Insurer and the Representative Representative, and nothing in this Contract shall be construed so as to imply or create an employer/ employer/employee relationship between the Company Insurer and the Representative. The Representative shall not at any time or under any circumstances whatsoever hold him or herself out as an employee of the Company Insurer.

Appears in 1 contract

Samples: Representative Contract

AutoNDA by SimpleDocs

Nature of the Contract. 2.1 The parties hereto acknowledge and agree that the Representative is an independent contractor, subject to and governed by the provisions of the applicable provincial or territorial insurance laws and regulations in the jurisdiction in which the Representative Repre- sentative carries on business (the “Law”) and the requirements, including any applicable code of ethics or code of conduct, of the applicable provincial or territorial insurance regulatory authorities in such jurisdiction (the “Regulatory Authority”). . 2.2 This Contract does not contain anything that has the effect of creating an employment relationship between the Company Insurer and the Representative Representative, and nothing in this Contract shall be construed so as to imply or create an employer/ employer/employee relationship between the Company Insurer and the Representative. The Representative shall not at any time or under any circumstances whatsoever hold him or herself out as an employee of the Company .Insurer

Appears in 1 contract

Samples: Independent Representative's Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!