Unearned Commissions. Producer shall be liable to Broker and shall pay return commission at the same rate as originally allowed to Producer for all return premium adjustments or cancellations, including return premium on cancellations ordered or made by the Insurer or finance company. Such return commission shall be paid to Broker by the due date indicated on the billing document. If a return premium becomes due under any contract of insurance and Broker has been issued a credit, or payment has been rendered, for such premium by Broker’s Insurer, Broker will pay to Producer such return premium less the unearned portion of any commission previously retained by the Producer.
Unearned Commissions. Broker shall be liable to American Specialty and shall pay return commission at the same rate as originally allowed to Broker for all return premium adjustments or cancellations, including return premium on cancellations ordered or made by the Insurer or finance company. Such return commission shall be paid to American Specialty by the due date indicated on the billing document. If a return premium becomes due under any contract of insurance and American Specialty has been issued a credit, or payment has been rendered, for such premium by American Specialty’s Insurer, American Specialty will pay to Broker such return premium less the unearned portion of any commission previously retained by Broker.
Unearned Commissions. Producer shall be liable to Orchid and shall pay return commission at the same rate as originally allowed to Producer for all return premium adjustments or cancellations, including return premium on cancellations ordered or made by the Insurer or finance company. Such return commission shall be paid to Orchid by the due date indicated on the billing document. If a return premium becomes due under any contract of insurance and Orchid has been issued a credit, or payment has been rendered, for such premium by Orchid’s Insurer, Orchid will pay to Producer such return premium less the unearned portion of any commission previously retained by Producer.
Unearned Commissions. PRODUCER shall be liable to JSA and shall pay return commissions at the same rate as originally allowed to PRODUCER for all return premiums. Such return commission shall be paid to JSA by the due date indicated on the billing document. If a return premium becomes due under any contract of insurance and JSA has been issued a credit, or payment has been rendered, for such premium by the Insurer, JSA will pay to PRODUCER such return premium less the unearned portion of any commission previously retained by the PRODUCER. PRODUCER shall be responsible for paying the returned premium to the INSURED.
Unearned Commissions. Producer agrees to utilize Producer's best efforts to assist the company in collecting additional premiums for audits on bound risks. Producer will be entitled to commissions on such additional premiums Producer has assisted in collecting. If the Producer fails to collect the additional premiums, the Company has the right to collect any additional audit premium due directly from the Insured and Producer will not be entitled to any commission on such additional premium collected by the Company. The Producer agrees to refund to the Company or to the Insured unearned commissions on all business placed with the Company on cancelled policies or reduced premiums at the same rate that such commissions were originally allowed the Producer. Such refund will be paid to Insured and paid by the due date indicated on the billing invoice.
Unearned Commissions. Producer shall be liable for and shall pay return commissions at the same rate as originally allowed to Producer for all return premiums. Such return commission shall be paid by the due date reflected on the Billings. If a return premium becomes due under any contract of insurance and HIH Risk Specialty has been issued a credit, or payment has been rendered, for such premium by the Insurer, HIH Risk Specialty will pay to Producer such return premium less the unearned portion of any commission previously retained by the Producer.
Unearned Commissions. Xxxxxx agrees to utilize Xxxxxx’s best efforts to assist the company in collecting additional premiums for audits on bound risks. Broker will be entitled to commissions on such additional premiums Broker has assisted in collecting. If the Broker fails to collect the additional premiums, the Company has the right to collect any additional audit premium due directly from the Client/Insured and Broker will not be entitled to any commission on such additional premium collected by the Company. The Broker agrees to refund to the Company or to the Client/Insured unearned commissions on all business placed with the Company on cancelled policies or reduced premiums at the same rate that such commissions were originally allowed the Broker. Such refund will be paid to Client/Insured and paid by the due date indicated on the billing invoice.
Unearned Commissions. Producer shall be liable to LRS and shall pay return commissions at the same rate as originally allowed to Producer for all return premium adjustments or cancellations, including return premium on cancellations ordered or made by the insurer or a finance company. Such return commission shall be paid to LRS by the due date indicated on the billing document. If a return premium becomes due under any contract of insurance and LRS has been issued a credit, or payment has been rendered, for such premium by LRS's Insurer; then LRS will pay to Producer such return premium less the unearned portion of any commission previously retained by the Producer.
Unearned Commissions. Producer shall be liable for and shall pay return commissions at the same rate as originally allowed to Producer for all return premiums. Such return commission shall be paid by the due date reflected on the Xxxxxxxx. If a return premium becomes due under any contract of insurance and Amwins has been issued a credit, or payment has been rendered, for such premium by the Insurer, Amwins will pay to Producer such return premium less the unearned portion of any commission previously retained by the Producer.
Unearned Commissions. Referral Partner agrees that should (i) Customer terminate or alter its original order for Service, (ii) Customer delay the implementation of the Service for more than sixty (60) days from the date of the signed Customer Contract , (iii) Customer terminate the Service within one hundred and eighty (180) days from the billing activation date, or (iv) the Company terminates or alters the Service during such one hundred and eighty (180) day period due to a breach of the Customer Contract by Customer or for business purposes , the Company shall have the right to re-coup from Referral Partner any Referral Commissions paid to Referral Partner as a result of the occurrence of any of the foregoing events (each such event causing an "Unearned Commissions"). In such case, the Company may either (i) bill the Referral Partner for such Unearned Commissions, which bill shall be paid by Referral Partner within thirty (30) days of the date of the applicable Company invoice, or (ii) set-off the amount of such Unearned Commissions against any other Referral Commissions otherwise payable to Referral Partner.
