Common use of Professional Standing Clause in Contracts

Professional Standing. Producer shall maintain any licenses and lines of authority required to act as an accident and health or health maintenance organization producer in good standing throughout the term of this Agreement. Producer shall notify Rocky Mountain promptly, and in no event later than ten (10) days after the event giving rise to the obligation to notify Rocky Mountain, of any: (1) changes in Producer’s licensure or lines of authority; (2) inquiries or disciplinary actions initiated by regulatory agencies; (3) termination of Producer’s authority to represent any insurers, health maintenance organizations or nonprofit organizations by reason of Producer’s conduct while representing such organizations; (4) cancellation or non-renewal of Producer’s errors and omissions insurance coverage; or (5) other circumstances which detrimentally affect Producer’s ability to perform Producer’s obligations pursuant to this Agreement. At the request of Rocky Mountain, Producer shall provide to Rocky Mountain any information, including, but not limited to documents and records, concerning Producer’s credentials, professional standing, licensing and liability. If Producer is an entity, the term “Producer” as used in this paragraph shall include all persons who market or sell Rocky Mountain health care plans on behalf of Producer.

Professional Standing. Producer shall maintain any licenses and lines of authority required to act as an accident and a health or coverage, health maintenance organization, and nonprofit organization producer producer, in good standing throughout the term of this Agreement. Producer shall notify Rocky Mountain promptly, and in no event later than ten (10) days after the event giving rise to the obligation to notify Rocky Mountain, of any: (1) changes in Producer’s licensure or lines of authorityauthorities; (2) inquiries or disciplinary actions initiated by regulatory agencies; (3) termination of Producer’s authority to represent any insurers, health maintenance organizations or nonprofit organizations by Producer agreement-SOLO(0206)3.doc reason of Producer’s conduct while representing such organizations; (4) cancellation or non-renewal of Producer’s errors and omissions insurance coverage; or (5) other circumstances which detrimentally affect Producer’s ability to perform Producer’s obligations pursuant to this Agreement. At the request of Rocky Mountain, Producer shall provide to Rocky Mountain any information, including, but not limited to documents and records, concerning Producer’s credentials, professional standing, licensing and liability. If Producer is an entity, the term “Producer” as used in this paragraph shall include all persons who market or sell Rocky Mountain individual health care plans on behalf of Producer.