Premium Remittance. You shall immediately forward to the Company or its designee any premium received with an application or otherwise delivered to you. You have no right or authority to receive or collect moneys for or on behalf of the Company at any time, for any purpose, except the initial premium offered with an insurance application. The Company may, at its discretion, authorize you to collect deferred or renewal premiums as and when they mature. Premium checks
Appears in 2 contracts
Sources: Insurance Producer/Agency Agreement, Insurance Producer/Agency Agreement