Agent of Record Sample Clauses

Agent of Record. Provided that Agent (1) continues to be designated by a group as the Agency/Agent with respect to such group, e.g. “Agent of Record,” and (2) performs services related to such group in a manner satisfactory to Delta Dental, then for all new business and all business renewing, Delta Dental will pay Agency/Agent commissions at the times and in the amounts set forth on the then published Broker Commission Schedule. Commission for fully insured groups will be based on paid premium. Should Agency/Agent negotiate to be paid commissions for specific groups that deviate from the Broker Commission Schedule, the commission will be disclosed, and it will be acknowledged by Agency/Agent by virtue of Agency/Agent’s signature on the group’s Delta Dental Employer/Client Information Form and Agreement. In no event will Delta Dental pay Agency/Agent any commissions for any time period occurring after any expiration or termination of this Agreement. Notwithstanding any other provisions of this Agreement, no commission shall be paid to Agent for any group on or after the date the group withdraws its appointment of Agency/Agent as the group’s Agent of Record, whether by affirmative withdrawal or by appointment of another agency or agent as Agent of Record for such group. Delta Dental may report in accordance with applicable state and/or federal regulations to Agency’s or Agent’s designated groups all commissions paid to Agency/Agent for work performed on behalf of such groups. Agency or Agent shall disclose in writing to the client, in advance of the purchase of business, the nature of any compensation the Agency or Agent will or may receive or be eligible to receive from Delta Dental in connection with the placement or servicing of the client’s business, as well as the nature of any other material business relationship between the Agency or Agent and Delta Dental. This requirement is a condition to eligibility for receiving compensation under Delta Dental’s agency/agent compensation program as described in this Agreement. Delta Dental will report to Agency’s or Agent’s designated clients all commissions paid to Agency or Agent for work performed on behalf of such clients. New and Renewal Business Commission Schedule Type Rate Fully Insured Group Dental for 2-50 employers 10% or negotiable Groups with 51-100 employees 5% or negotiable Group of 101+ Fully negotiable Patient Direct (2-100) 8% Individual and family 8% Patient Freedom (2-100) 10% Patient Direct - Xxxxxx Permanent...
AutoNDA by SimpleDocs
Agent of Record. At initial enrollment, individuals may notify Covered California of an Agent delegation. Covered California shall send notice of the delegation to the Contractor via the 834 enrollment file or a weekly reconciliation file. The format of the reconciliation file shall be mutually agreed upon by both Covered California and Contractor. Upon receipt of the 834 enrollment file or reconciliation file notification, Contractor shall approve the delegation (unless an Agent is not licensed, not appointed, the agent or agency is not certified, or such delegation would conflict with Contractor’s vesting provisions of its agent agreements) and has ten (10) Days to update their system. Covered California recognizes that Contractor may contract with insurance agencies who employ or contract with Agents. Covered California further understands that Contractor may delegate an employed or contracted Agent writing business for the benefit of an Agency, the Agency, or primary Agent at the Agency, instead of the specific Agent who enrolled a consumer. As such, an Agent delegation may consist of an Agent, Agency, or primary Agent with an Agency. The Contractor shall send an Agent of Record Exception Report by 5PM on the last business day of the month which includes any changes Covered California requested, but were not made.
Agent of Record. At initial enrollment, individuals may notify Covered California of an Agent delegation. Covered California shall send notice of the delegation to the Contractor via 834 enrollment file. Upon receipt of the 834 enrollment file, Contractor shall approve the delegation (unless an Agent is not licensed or not appointed) and has five (5) days to update their system. Covered California recognizes that Contractor may contract with insurance agencies who employ or contract with Agents. Covered California further understands that Contractor may delegate an employed or contracted Agent writing business for the benefit of an Agency. The Contractor shall send an Agent of Record Exception Report which includes any changes Covered California requested, but were not made, if requested by Covered California.
Agent of Record. At initial enrollment, individuals may notify the Exchange of an Agent delegation. The Exchange shall send notice of the delegation to the Contractor via the 834 enrollment file. Upon receipt of the 834 enrollment file, Contractor shall approve the delegation (unless an Agent is not licensed or not appointed) and has five (5) days to update their system. The Exchange recognizes that Contractor may contract with insurance agencies who employ or contract with Agents. The Exchange further understands that Contractor may delegate an employed or contracted Agent writing business for the benefit of an Agency. If requested, the Contractor shall send an Agent of Record Exception Report which includes any changes the Exchange requested, but were not made.
Agent of Record a. For the Individual Market, Agent of Record policies are defined and administered pursuant to contractual agreements between the health plans and the Exchange.
Agent of Record. All insurance policies written under the terms of this Agreement shall be written under AgentLink’s producer code.
Agent of Record. Agency shall advise Employers that any Agent of Record changes must be made by providing Covered California with a written request from the Employer’s authorized representative. The written request must identify the name, address, and if known, tax identification number of the new Agent of Record. Upon receipt of the Employer’s request, Covered California will notify the Employer’s existing Agent of Record. The Employer’s request will be effective on the first day of the month following Covered California’s receipt of the request, unless another future date is specified in the written request. The new Agent will thereafter be the Employer’s designated Agent of Record. All Agent of Record changes are subject to Covered California’s consent, which shall not be unreasonably withheld.
AutoNDA by SimpleDocs
Agent of Record. Provided that Agent (1) continues to be designated by a group as the Agent with respect to such group, e.g. “Agent of Record,” and (2) performs services related to such group in a manner satisfactory to Renaissance, then for all new business and all business renewing, Renaissance will pay Agent commissions at the times and in the amounts set forth on the then published Group Product Commission Schedule. Commission for fully insured groups will be based on paid premium. Should Agent negotiate to be paid commissions for specific groups that deviate from the Group Product Commission Schedule, the commission will be disclosed, and it will be acknowledged by Agent by virtue of Agent’s signature on the group’s Renaissance Employer/Group Application. In no event will Renaissance pay Agent any commissions for any time period occurring after any expiration or termination of this Agreement. Notwithstanding any other provisions of this Agreement, no commission shall be paid to Agent for any group on or after the date the group withdraws its appointment of Agent as the group’s Agent of Record, whether by affirmative withdrawal or by appointment of another agency or agent as Agent of Record for such group. Renaissance may report in accordance with applicable state and/or federal regulations to Agency’s or Agent’s designated groups all commissions paid to Agent for work performed on behalf of such groups. Commission Payment. Renaissance will pay commissions monthly based upon applicable premiums or administrative fees or as negotiated, if any, paid in cash and received by Renaissance in the previous month, provided this Agreement has not expired or terminated or the group has not withdrawn its appointment of Agent or appointed another agency or agent as its Agent of Record prior to the last day of the previous month. If the monthly Agent commission does not exceed twenty-five dollars ($25.00), Renaissance shall not be obligated to produce a commission check until the commission sum exceeds twenty-five dollars ($25.00) or at a minimum, once per calendar year. If any application is rejected or any Group Product is cancelled or defaulted on, in whole or in part, for any reason, before the expiration of the contract period, or if any overpayment is made to Agent, the pro rata compensation paid to the Agent on the value of the Group Product cancelled or defaulted on or the amount overpaid the Agent shall be charged to the Agent and shall constitute an indebtedness of the Age...
Agent of Record a. For the Individual Market, Agent of Record policies are defined and administered pursuant to contractual agreements between the health plans and the Exchange. Agency must inform the Exchange for all Agent of Record changes involving its Agents. Agency shall notify the Exchange within five (5) business days from when the change becomes effective. The notification must identify the Agent or Agency that was removed and the new Agent of Record. Agency shall also inform any affected consumers of an Agent of Record change. If Agency delegates a new Agent to a consumer, Agency must notify the consumer within five (5) business days after the change becomes effective. This notification shall be in the consumer’s preferred form of communication, such as e-mail. It must identify the Agent that was removed and the new Agent of Record. It must further inform the consumer that he or she may delegate a new Agent at any time through the consumer’s Account Dashboard or by calling 0-000-000-0000.
Agent of Record. Your General Agent remains the agent of record and retains all property rights in the business written by You during the time period You are licensed under the General Agent. You have only such rights to commissions as are expressly granted under this Agreement. Your General Agent will remain responsible for the servicing of the business written.
Time is Money Join Law Insider Premium to draft better contracts faster.