Common use of Policyholders Clause in Contracts

Policyholders. SCHEDULE 3.31 sets forth all of the policyholders (the "Individual Policyholders") that have policies of insurance for which the Individual Sellers is currently receiving a commission or has received a commission on or after January 1, 1994. Except as disclosed to Purchaser in writing, the applicable Individual Seller is currently the agent of record for each of the applicable Individual Policyholders. After the Closing Date, Purchaser shall have an unconditional right with respect to each Individual Policyholder to engage in the solicitation, quotation and sale of ▇▇▇▇▇ Insurance Company's policies of workers' compensation insurance (and ancillary services related thereto) and ▇▇▇▇▇ Assurance Company's policies of accident and health and life insurance (and ancillary services related thereto) without any restriction or limitation of any kind. No person or entity has any right (whether pursuant to any agreement or understanding or otherwise), pursuant to an agreement between the Individual Seller and such person or entity, to exclude or limit the solicitation, quotation or sale of ▇▇▇▇▇ Insurance Company's policies of workers' compensation insurance (and ancillary services related thereto) and ▇▇▇▇▇ Assurance Company's policies of accident and health and life insurance (and ancillary services related thereto) by Purchaser to any Individual Policyholders after the Closing Date. After the Closing Date, Purchaser will be entitled to the goodwill and renewal rights with respect to each of the Individual Policyholders, without any restriction or limitation of any kind. Except as disclosed in writing to Purchaser, the Individual Seller has no knowledge that any of the Individual Policyholders will not purchase insurance issued by ▇▇▇▇▇ Insurance Company or ▇▇▇▇▇ Assurance Company and sold by Purchaser.

Policyholders. SCHEDULE 3.31 3.22 sets forth all of the policyholders (the "Individual Policyholders") included in the Book of Business that have policies of insurance for which the Individual Sellers Seller is currently receiving a commission or has received a commission on or after January 1, 19941998. Except as disclosed to Purchaser in writing, the applicable Individual Seller is currently the agent of record for each of the applicable Individual Policyholders. The Sellers maintain no list of its prospective Policyholders which are included in the Book of Business. After the Closing Date, Purchaser shall have an unconditional right with respect to each Individual Policyholder to engage in the solicitation, quotation and sale of ▇▇▇▇▇ Insurance Company's policies of workers' compensation insurance (and ancillary services related thereto) and ▇▇▇▇▇ Assurance Company's policies of accident and health and life other carriers insurance business (and ancillary services related thereto) without any restriction or limitation of any kind. No person or entity has any right (whether pursuant to any agreement or understanding or otherwise), pursuant to an agreement between the Individual Seller and such person or entity, to exclude preclude or limit the solicitation, quotation or sale of ▇▇▇▇▇ Insurance Company's policies of workers' compensation or EPL insurance (and ancillary services related thereto) and ▇▇▇▇▇ Assurance Company's policies of accident and health and life or other carriers workers' compensation or EPL insurance business (and ancillary services related thereto) by Purchaser to any Individual Policyholders after the Closing Date. After the Closing Date, Purchaser will be entitled to the goodwill and renewal rights with respect to each of the Individual PolicyholdersPolicyholders held by the Sellers, without any restriction or limitation of any kind. Except as disclosed in writing to Purchaser, none of the Individual Seller Sellers has no any knowledge that any of the Individual Policyholders will not purchase insurance issued by ▇▇▇▇▇ Insurance Company or ▇▇▇▇▇ Assurance Company and any other insurance carrier currently providing insurance to the Policyholders if sold by the Purchaser.