Rebating. If Broker/Dealer or Selling Entity or any Registered Representative or agent of Broker/Dealer or Selling Entity rebates or offers to rebate all or any part of a premium on an Insurance Contract issued by the Insurance Companies in violation of applicable state insurance laws or regulations, or if Broker/Dealer or any Registered Representative of Broker/Dealer shall withhold any premium on an Insurance Contract issued by the Insurance Companies, the same may be grounds for termination of this Selling Agreement by Insurance Companies.
Rebating. If Broker/Dealer or any Registered Representative of Broker/Dealer rebates or offers to rebate all or any part of a premium on an Insurance Policy issued by the Insurance Companies in violation of applicable state insurance laws or regulations, or if Broker/Dealer or any Registered Representative of Broker/Dealer shall withhold any premium on an Insurance Policy issued by the Insurance Companies, the same may be grounds for termination of this Agreement by Underwriter. If Broker/Dealer induces or attempts to induce any Policy or Contract Owner to relinquish an Insurance Policy except under circumstances where there is reasonable grounds for believing the policy, contract or certificate is not suitable for such person, Broker-Dealers right to receive any compensation under this agreement shall cease and terminate.
Rebating. If Broker/Dealer or any Registered Representative of Broker/Dealer rebates or offers to rebate all or any part of a premium on an Insurance Policy issued by the Insurance Company in violation of applicable state insurance laws or regulations, or if Broker/Dealer or any Registered Representative of Broker/Dealer shall withhold any premium on an Insurance Policy issued by the Insurance Company, the same may be grounds for termination of this agreement by Underwriter. If Broker/Dealer induces or attempts to induce any Insurance Policy owner to relinquish an Insurance Policy except under circumstances where there is reasonable grounds for believing the policy, contract or certificate is not suitable for such person, Broker-Dealers right to receive any compensation under this agreement shall cease and terminate. COMMISSION SCHEDULE FOR ANNUITY CONTRACTS This Schedule is attached to and is made a part of this agreement. In no event will FSL be liable for the payment of any compensation with respect to any solicitation made, in whole or in part, by any person not appropriately licensed to conduct such activities. The compensation arrangements described below shall govern commission payouts. Commission will be paid in accordance with instructions received from Broker/Dealer.
1. Commissions based on premium payments will be based only on premium actually received and accepted by the Insurance Company.
2. No commission will be earned on the initial exchange of any FSL contract. Subsequent premium payments will, as permitted by law be eligible for commission payments.
3. The Insurance Company reserves the right to reduce first year commissions and renewal commissions if necessary, on any annuity contracts sold to residents of any jurisdiction which imposes new, and/or additional premium or similar taxes or charge. In such event, the Insurance Company will notify Broker/Dealer.
Rebating. Capitation Payments if the eighty-five percent (85%) Medical Loss Ratio Standard is Not Met
Rebating. The Representative shall not pay or allow, or offer to pay or allow as an inducement to any person to insure, any rebate of premium or any inducement whatsoever not specified in the insurance policy.
Rebating. Master General Agent shall not, and shall ensure that its Subagents do not, directly or indirectly, provide as an inducement to any person to purchase a policy or contract, any rebate of premium or any inducement not specified in the policy or contract.
Rebating. Producer shall not, directly or indirectly, provide as an inducement to any person to purchase a policy or contract, any rebate of premium or any inducement not specified in the policy or contract.
Rebating. If Broker/Dealer or any Registered Representative of Broker/Dealer shall rebate or offer to rebate all or any part of a premium on a Contract issued by the Insurance Companies in violation of applicable state insurance laws or regulations, or if Broker/Dealer or any Registered Representative of Broker/Dealer shall withhold any premium on any Contract issued by the Insurance Companies, the same may be grounds for termination of this Agreement by Tower Square. If Broker/Dealer or any representative of Broker/Dealer shall at any time induce or endeavor to induce any owner of a Contract to relinquish the Contract except under circumstances where there is reasonable grounds for believing the policy, contract or certificate is not suitable for such person, any and all compensation due Broker/Dealer hereunder shall cease and terminate.
Rebating. The Producer will not rebate or offer to rebate all or part of a premium.
Rebating. In accordance with Florida Statutes §626.572(d), the CARRIERS and the MGA prohibit their agents from rebating commissions. Therefore, the AGENCY or AGENT shall not rebate any part of the commissions due or paid as a result of writing of CARRIERS BUSINESS.
