ITMA definition
Examples of ITMA in a sentence
Producer will maintain a good reputation in the community served and will direct all efforts in the designated field of insurance for the account(s) or insured as stated herein toward advancing the business and interest of ITMA.
Failure of ITMA to promptly declare a default for breach of any of the terms and conditions, of this agreement shall not be construed as a waiver of any of said terms and conditions, nor stop ITMA from thereafter demanding full and complete compliance therewith.
Time being of the essence of this Agreement, in case of the failure or refusal of Producer to do or perform any and all of the covenants, promises and conditions on its part to be kept and performed and such default shall continue for more than ten (10) days after notification thereof in writing, the ITMA shall have the right to terminate this agreement.
ITMA and Producer agree to indemnify and save harmless each other from and against any and all claims demands and causes of action or omissions of one party by the others employees, producers, agents, or sub- producers while this agreement remains in force.
Producer hereby engages ITMA for the purpose of procuring insurance policies on behalf of its insured or account(s).
Producer has no authority to bind, make, alter, modify or discharge any policy of insurance or provision thereof or incur any liability or debt on behalf of ITMA or any insurer providing insurance for the account(s) or insured.
However if the Producer shall at any time be in default in any of its obligation to ITMA hereunder, ITMA shall have the right, so long as such default shall continue, to the exclusive use and control of any or all such expirations and to apply any proceeds or use thereof against such obligations of the Producer.
Producer acknowledges that ITMA, without limitation of other remedies, reserves the right to cancel policies for non-payment of premium to ITMA.
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All such remittances shall be made in accordance with the specific payment terms established in premium ▇▇▇▇▇▇▇▇ rendered to Producer by ITMA.