Common use of Duties of Agency Clause in Contracts

Duties of Agency. Agency shall perform those duties reasonably required by the COMPANY to implement marketing programs and satisfy the COMPANY's obligations under agreements between the COMPANY and insurance companies offering policies issued pursuant to this Agreement and the Proposals. Without limitation, Agency agrees to report immediately to the COMPANY, with full details, any fact, occurrence or incident that may result in a loss or claim. Agency shall forward all documents and cooperate fully with the COMPANY in the investigation and adjustment of any claim, if requested. Agency agrees to keep complete records and accounts of all transactions, and to permit the COMPANY to inspect all records pertaining to business transacted under this Agreement. It is the responsibility of Agency to service each account and inform The COMPANY as to the type and amount of coverage. The COMPANY assumes no responsibility to Agency, the insured, or any other party with regard to the adequacy, amount or form of coverage obtained through any insurance carrier. Agency agrees that it is Agency's sole responsibility to notify the insured of policy expiration and to send all required notices of non renewal.