Common use of AGENTS LICENSING Clause in Contracts

AGENTS LICENSING. (a) The General Agent shall maintain current licenses or certificates of authority as required by law for the conduct of business under this Agreement. (b) The General Agent shall assure that all sub-agents to whom any authority of the General Agent under this Agreement is delegated maintain appropriate licenses, certificates of authority, and/or company appointments as required by law for the conduct of business under this Agreement. (c) The General Agent shall indemnity and hold harmless the Company against any losses, claims, and/or causes of action, including attorneys fees and expenses, arising, directly or indirectly, out of or in connection with the Company’s acceptance of business from an unlicensed agent or sub-agent.

Appears in 2 contracts

Sources: Managing General Agency Agreement (Republic Companies Group, Inc.), Managing General Agency Agreement (Republic Companies Group, Inc.)