Account Movement definition
Account Movement. If RPS places an account on behalf of Producer, upon renewal Producer shall not place or attempt to place such account directly or through another intermediary with the insurer(s) with whom RPS placed such account. This provision shall apply during the period that RPS places the account for the Producer and for a period of 12 months following the date the account is no longer written through RPS. If Producer violates this provision, Producer shall pay RPS an amount equal up to 100% of the commission earned by Producer during the last 12 months period that the account was written by RPS.