PRODUCER FEES- OFF EXCHANGE Sample Clauses

PRODUCER FEES- OFF EXCHANGE. A. Insurer agrees to pay Producer Fees in accordance with the terms of the attached Schedules of Fees to Contractor. Insurer may amend the Producer Fees provided for in the Schedule of Fees by giving thirty (30) days’ notice to Contractor. B. No Producer Fee or Bonus shall be payable to a non-appointed Contractor or Producing Agent. C. The Contracted Producer and “Responsible Individual” (RI) (or “Principle” and Primary Decision maker of any Agency or Producer) must maintain the same health licenses in the same jurisdictions. For example: If the “RI” or an Agency is licensed in Maryland and the District of Columbia (DC), but their Producer is licensed in Maryland and Virginia, then the “RI” must become licensed in Virginia and the Producer must become licensed in the District of Columbia (DC). When both the Producer and the Producer do not both hold the same licenses, a noncompliance issue is created. Both Producer and Producer must be licensed in the location where the Contract is sold in order to be eligible to receive commissions. D. Premium Payments
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