Common use of SUBMISSION OF BUSINESS Clause in Contracts

SUBMISSION OF BUSINESS. 2.1. Subject to and in accordance with this Agreement and the Submission Information, Broker may within the Territory obtain quotes for insurance from Aspire, and submit applications and premiums for insurance products in accordance with this Agreement. 2.2. Broker is not authorized to and agrees that Broker cannot and will not effect or bind insurance coverage on Aspire’s behalf in any manner. For coverage to be bound, Broker must request that Aspire do so, electronic format, as specified by Aspire. Coverage will be bound only if and when Aspire has manifested Aspire’s acceptance of the request through issuance of a policy number or other written or electronic confirmation. 2.3. Broker agrees that, if a conflict exists as to which broker is authorized to represent an insured with respect to any policy, Broker will supply Aspire with a written Broker of Record letter from the insured authorizing the Broker to represent the insured. 2.4. Any rights and obligations of Broker under this Agreement apply to Broker only. Without limiting the foregoing, Broker shall not sub-broker any policy or business contemplated under this Agreement. 2.5. Broker agrees that Broker will not: 2.5.1. Submit to Aspire any application for insurance: 2.5.1.1. That Broker knows or has reason to know is false, inaccurate or misleading; 2.5.1.2. With a requested effective date and time prior to the date and time that a complete quote from Broker is registered electronically in Aspire’s quoting systems, and Broker meets any and all additional conditions specified in the Submission Information; or 2.5.1.3. For any class of risk not specified in the Submission Information;