Common use of Agent Appointments Clause in Contracts

Agent Appointments. a. The Company may appoint licensed producers, which are employed by or directly affiliated with the Member Agency, to produce or service Company business. Such agents are herein referred to as “Producers.” b. The Member Agency shall be responsible for all Company business conducted by its Producers. No Producer shall have any claim against the Company for commissions, salaries or any other remuneration. Remuneration of Producers is the responsibility of the Member Agency. *UPC has a Demotech Financial Stability Rating of “A”. They are not currently rated by A.M. Best. c. The Member Agency agrees that all of its Producers shall be subordinate to the Member Agency and subject to all of the rules, restrictions, requirements and regulations set forth in this Agreement that apply to the Member Agency. The Member Agency shall ensure the Producers and any agent appointed by the Company and affiliated with the Member Agency agrees in writing to waive any post termination right to continue to service, and receive from the Company, commissions or other compensation relative to, policies written by him or her for the Company during the existence of the appointment, and agrees to waive any post termination right to countersign certificates or endorsements necessary to continue such policies to the expiration date thereof, including renewal option periods, and agrees to waive any right to collect and remit premiums due thereon. If the Member Agency fails to obtain said written waivers then the Member Agency shall be responsible for all costs associated with the Company’s obligations, if any, d. The Company reserves the right to decline to appoint any Producer. Furthermore, the Company reserves the right to terminate the appointment of any Producer. e. The Member Agency understands that the Company will require a minimum commitment of two (2) Homeowner or Condo policies (or combination of both) issued per agency per month, in order to maintain continued access to this program.

Agent Appointments. a. The Company may appoint licensed producers2-20 agents, which agents are employed by or directly affiliated with the Member Agency, to produce or service Company business. Such agents are herein referred to as “Producers.” b. The Member Agency shall be responsible for all Company business conducted by its Producers. No Producer shall have any claim against the Company for commissions, salaries or any other remuneration. Remuneration of Producers is the responsibility of the Member Agency. *UPC has a Demotech Financial Stability Rating of “A”. They are not currently rated by A.M. Best. c. The Member Agency agrees that all of its Producers shall be subordinate to the Member Agency and subject to all of the rules, restrictions, requirements and regulations set forth in this Agreement that apply to the Member Agency. . The Member Agency shall ensure the Producers Producers, and any agent appointed by the Company and affiliated with the Member Agency agrees Agency, agree, in writing writing, to waive any post termination right to continue to service, and receive from the Company, commissions or other compensation relative to, policies written by him or her for the Company during the existence of the appointment, and agrees agree to waive any post termination right to countersign certificates or endorsements necessary to continue such policies to the expiration date thereof, including renewal option periods, and agrees agree to waive any right to collect and remit premiums due thereon. If the Member Agency fails to obtain said written waivers then the Member Agency shall be responsible for all costs associated with the Company’s obligations, if any,, of compliance with the provisions of Section 626.754, Florida Statutes. d. The Company reserves the right to decline to appoint any Producer. Furthermore, the Company reserves the right to terminate the appointment of any Producer. e. The Member Agency understands that the Company will require a minimum commitment of two (2) Homeowner or Condo policies (or combination of both) issued per agency per month, in order to maintain continued access to this program.