Return Premiums and Commissions Sample Clauses
Return Premiums and Commissions. If the Company is required to refund premiums under any contract, policy or certificate of insurance by reason of any cancellation, reduction in coverage, change in law or regulation, or otherwise, either during or after the term of this Agreement, the General Agent shall refund return commissions at the same rate at which such commissions were originally retained by the General Agent.
Return Premiums and Commissions. Buyer shall be liable for return premiums and commissions resulting from the cancellation of any new policy or P&C Renewal policy issued prior to the Effective Date and which is current according to its contracts, unless otherwise agreed to or paid by Buyer.