DUTIES, OBLIGATIONS AND LIMITATIONS OF MGA AND MGA'S BROKER Sample Clauses

DUTIES, OBLIGATIONS AND LIMITATIONS OF MGA AND MGA'S BROKER. Commencing on the Effective Date, MGA and MGA's Broker will faithfully perform all of MGA's and MGA's Broker's duties within the scope of the agency relationship created under this Agreement, to the best of MGA's and MGA's Broker's knowledge, skill and judgment. MGA and MGA's Broker shall be jointly and severally responsible and liable to Company and Distributor for the faithful performance of all obligations or duties except those which this Agreement specifically identifies as duties of MGA's Broker. Company, Distributor, MGA and MGA's Broker may agree that some or all of MGA's or an Affiliate's or MGA's Broker's duties and responsibilities may be modified with respect to one or more General Agents and such General Agent's Producers, by delegating such duties and responsibilities to such General Agent and such General Agent's Broker, when the Company, Distributor, General Agent and General Agent's Broker have executed an agreement between themselves, in a form acceptable to Company and Distributor, and Company, Distributor, MGA and MGA's Broker have amended this Agreement to provide for such modification and delegation. The duties of MGA and MGA's Broker, respectively, shall include but not be limited to the following: