Recruitment of Producers Sample Clauses
Recruitment of Producers. Authorized Selling Firm may recruit Producers to sell Products and/or service Accounts under the supervision of Authorized Selling Firm. A Producer so recruited may not solicit or sell Products or service Accounts prior to acquiring any required state insurance license(s) in the state(s) where such Producer will solicit or sell Products or Service Accounts, being registered with the NASD as a representative of the Broker-Dealer, being appointed by Company as an agent, and completing the training described in Section 4.5.15.
Recruitment of Producers. General Agent and General Agent's Broker may recruit Producers to sell under the supervision of General Agent and General Agent's Broker. Producers so recruited may not solicit or sell Products prior to their obtaining the required state insurance license(s) in the states where such Producers will solicit and sell Products, being appointed as an agent by Company and completing training conducted by General Agent and General Agent's Broker on the Products, Product marketing methods, and regulatory and Company policy compliance requirements.
Recruitment of Producers. MGA, itself or through an Affiliate, and MGA's Broker may recruit Producers to sell under the supervision of MGA and MGA's Broker. Alternatively, MGA may allow a General Agent or General Agent's Broker to recruit Producers who are employees or independent contractors of General Agent and MGA's Broker. A Producer so recruited may not solicit or sell Products prior to that Producer's obtaining the required state insurance license(s) in the states in the Territory where such Producer will solicit and sell Products; being registered with the NASD as representatives of either MGA's Broker or General Agent's Broker; being appointed as an agent by Company; and completing training conducted by MGA and MGA's Broker on the Products, Product marketing methods, and on regulatory and Company policy and compliance requirements.