Insurance Agent Clause Samples
An insurance-agent clause defines the role and responsibilities of an insurance agent in relation to the agreement or policy. Typically, it clarifies whether the agent is authorized to act on behalf of the insurer, the insured, or both, and may specify the limits of the agent’s authority, such as collecting premiums or delivering policy documents. This clause ensures that all parties understand the agent’s capacity and prevents misunderstandings about who is responsible for certain actions or communications, thereby reducing the risk of disputes regarding coverage or obligations.
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Insurance Agent. With respect to any property and casualty insurance that NC obtains or maintains on the properties leased by NC under the Lease, NC shall obtain or maintain, through December 31, 2006, such insurance through ▇▇▇▇-▇▇▇▇▇▇▇ Agency, provided that such agency: (i) is not prohibited by law, contract or otherwise from insuring such properties, (ii) is and remains a financially sound and reputable insurance provider and (iii) agrees to terms and conditions of insurance, including pricing terms, that are reasonable, customary and competitive in the industry.
Insurance Agent. The lowest or any Bid is requested to provide the name and telephone number of the Insurance Agent providing the insurance coverage in accordance with the requirements specified in the Special Conditions of the Contract. Failure by the Bidder to provide this information may be cause to invalidate the tender and may cause rejection.
Insurance Agent. An individual who is duly licensed, registered and otherwise qualified to solicit applications for insurance products such as the Products under the insurance laws of all states and jurisdictions in which such individual is required to be licensed in order to make such solicitations, (ii) is authorized to solicit applications and sell and service insurance products under a sales agreement with the BGA and (iii) is insured under an errors and omissions policy in an amount not less than ______________.
Insurance Agent. The use of Passaic County Community College properties by the aforementioned organization is contingent on a certificate of insurance on file with the Passaic County Community College, at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. The certificate of insurance must indicate the following:
Insurance Agent. In a capacity separate from AEWM, the individuals serving as IARs of AEWM may also be state licensed as insurance agents. Client is not obligated in any manner to purchase insurance or annuity products through such individual. If Client elects to purchase an insurance or annuity product through such individual in his or her separate capacity as an insurance agent, this individual will receive a commission. As a result, this is a conflict of interest, and the objectivity of the advice rendered to Client is biased. An individual serving as IAR of AEWM who is also licensed as insurance agent may recommend insurance and/or annuity products that generally pay commissions to the insurance agent which vary depending upon the particular product recommended. Consequently, the IAR of AEWM has an economic incentive to recommend the insurance and annuity products with a higher commission rate, which is a conflict of interest. AEWM manages this conflict of interest by requiring that each IAR only recommend insurance and annuities when in the best interest of the client and without regard to the financial interest of AEWM and its IAR. Client is under no obligation to use such IAR as Client’s insurance agent.
Insurance Agent. In a capacity separate from AEWM, the individuals serving as IARs of AEWM may also be state licensed as insurance agents. Client is not obligated in any manner to purchase insurance or annuity products through such individual. If Client elects to purchase an insurance or annuity product through such individual in his or her separate capacity as an insurance agent, this individual will receive a commission, which will vary depending upon the particular product recommended. As a result, this is a conflict of interest, and the objectivity of the advice rendered to Client is biased. AEWM manages this conflict of interest by requiring that each IAR only recommend insurance and annuities when in the best interest of the client and without regard to the financial interest of AEWM and its IAR. Client is under no obligation to use such IAR as Client’s insurance agent.
Insurance Agent. Fidelity National Title Group Contact Information:▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ Memphis, Tennessee 38119 Attn: ▇▇▇ ▇▇▇ Telephone: (▇▇▇) ▇▇▇-▇▇▇▇ Fax: (▇▇▇) ▇▇▇-▇▇▇▇ Email: ▇▇▇.▇▇▇@▇▇▇▇.▇▇▇
Insurance Agent. In a capacity separate from Adviser, the individuals serving as IARs of Adviser may also be state licensed as insurance agents. Client is not obligated in any manner to purchase insurance or annuity products through such individual. If Client elects to purchase an insurance or annuity product through such individual in his or her separate capacity as an insurance agent, this individual will receive a commission, which will vary depending upon the particular product recommended. As a result, this is a conflict of interest, and the objectivity of the advice rendered to Client is biased.
Insurance Agent. Your financial professional is affiliated with Mutual of Omaha as an insurance agent and can recommend proprietary insurance products of Mutual of Omaha and its affiliates or non-proprietary products through an affiliate marketing organization. As an insurance agent, your financial professional may receive compensation in the form of sales incentives and trips. This presents a conflict of interest for your financial professional to offer the sale of proprietary insurance products or non-proprietary products through an affiliate marketing organization rather than other financial products that could be more appropriate. In addition, this presents a conflict of interest for MOIS’s affiliate companies as they make money from the sale of insurance products.