Common use of Policy Transfer Clause in Contracts

Policy Transfer. Upon termination of this Agreement, Producer shall have the option of requiring InsureZone to take such reasonable action as is necessary to transfer such agent of record or broker of record designation(s) to Producer or such other entity as directed by Producer. In order for the transfer of any policies to take place, Producer shall be current with all monthly fees and will have a valid E&O policy on file with InsureZone.

Policy Transfer. Upon termination of this Agreement, Producer shall have the option of requiring InsureZone to take such reasonable action as is necessary to transfer such agent of record or broker of record designation(s) to Producer or such other entity as directed by Producer. In order for the transfer of any policies to take place, Producer shall be current with all monthly fees and will have a valid E&O policy on file with InsureZone.