Common use of Producer’s Responsibilities Clause in Contracts

Producer’s Responsibilities. Producer agrees to: a) Solicit applications for insurance policies and certificates of coverage issued by Payor or Company on behalf of Payor; assist applicants to truthfully and accurately complete their respective applications for insurance coverage; and submit such applications to Company promptly upon receipt of such applications from applicants. b) Remit all gross premiums and/or policy fees received or collected by Producer promptly to Company with a full and detailed statement. c) Refrain from accepting any premium from any applicant or insured with the exception of the initial premium and applicable fees collected with the application for coverage. d) Strictly comply with all underwriting rules, regulations and instructions contained in the rate books, manuals or any other written material of any Payor with which Producer is appointed, and to observe and comply with the insurance laws and regulations of the state or states in which Producer operates. In the event there is a dispute between the parties hereto as to the interpretation of Payor’s regulations or instructions, Company in its sole discretion shall resolve any such dispute. e) Provide prompt, courteous service to certificate / policy holders. f) Pay (without reimbursement from Company) all Producer license fees and/or any other related fees or taxes whether billed to Company or Producer. g) Provide Company with evidence of E & O coverage in such amounts and with such carriers as is reasonably acceptable to Company, if requested to do so. h) Obtain prior written or electronic approval from Company of all marketing materials, application forms, and advertising, used by Producer in connection with this Agreement. i) Remit an annual administrative processing fee to Company in the amount of $20.00. Company may deduct this annual administrative processing fee automatically from Producer’s commissions. j) Maintain current mailing address and contact information for Company’s benefit. k) Keep records in such form as is reasonably required by Company and/or required under applicable laws and regulations.

Producer’s Responsibilities. Producer agrees to: a) Solicit applications for insurance policies and certificates of coverage issued by Payor or Company on behalf of Payor; assist applicants to truthfully and accurately complete their respective applications for insurance coverage; and submit such applications to Company promptly upon receipt of such applications from applicants. b) Remit all gross premiums and/or policy fees received or collected by Producer promptly to Company with a full and detailed statement. c) Refrain from accepting any premium from any applicant or insured with the exception of the initial premium and applicable fees collected with the application for coverage. d) Strictly comply with all underwriting rules, regulations and instructions contained in the rate books, manuals or any other written material of any Payor with which Producer is appointed, and to observe and comply with the insurance laws and regulations of the state or states in which Producer operates. In the event there is a dispute between the parties hereto as to the interpretation of Payor’s regulations or instructions, Company in its sole discretion shall resolve any such dispute. e) Provide prompt, courteous service to certificate / policy holders. f) Pay (without reimbursement from Company) all Producer license fees and/or any other related fees or taxes whether billed to Company or Producer. g) Provide Company with evidence of E & O coverage in such amounts and with such carriers as is reasonably acceptable to Company, if requested to do so. h) Obtain prior written or electronic approval from Company of all marketing materials, application forms, and advertising, advertising used by Producer in connection with this Agreement. i) Remit an annual administrative processing fee to Company in the amount of $20.00. Company may deduct this annual administrative processing fee automatically from Producer’s commissions. j) Maintain current mailing address and contact information for Company’s benefit. k) Keep records in such form as is reasonably required by Company and/or required under applicable laws and regulations.

Producer’s Responsibilities. Producer agrees to: a) Solicit applications for insurance policies and certificates of coverage issued by Payor or Company on behalf of Payor; assist applicants to truthfully and accurately complete their respective applications for insurance coverage; and submit such applications to Company promptly upon receipt of such applications from applicants. b) Remit all gross premiums and/or policy fees received or collected by Producer promptly to Company with a full and detailed statement. c) Refrain from accepting any premium from any applicant or insured with the exception of the initial premium and applicable fees collected with the application for coverage. d) Strictly comply with all underwriting rules, regulations and instructions contained in the rate books, manuals or any other written material of any Payor with which Producer is appointed, and to observe and comply with the insurance laws and regulations of the state or states in which Producer operates. In the event there is a dispute between the parties hereto as to the interpretation of Payor’s regulations or instructions, Company in its sole discretion shall resolve any such dispute. e) Provide prompt, courteous service to certificate / policy holders. f) Pay (without reimbursement from Company) all Producer license fees and/or any other related fees or taxes whether billed to Company or Producer. g) Provide Company with evidence of E & O coverage in such amounts and with such carriers as is reasonably acceptable to Company, if requested to do so. h) Obtain prior written or electronic approval from Company of all marketing materials, application forms, and advertising, advertising used by Producer in connection with this Agreement. i) Remit an annual administrative processing fee to Company in the amount of $20.00. Company may deduct this annual administrative processing fee automatically from Producer’s commissions. j) Maintain current mailing address and contact information for Company’s benefit. kj) Keep records in such form as is reasonably required by Company and/or required under applicable laws and regulations.