Producing Agent definition

Producing Agent is a licensed agent contracted with BCBST, or a licensed agent who is employed by or contracts with the Agency.
View Source
Producing Agent means the individual agent dealing directly with the party seeking insurance.
View Source
Producing Agent is a licensed agent who is employed or contracts with the Agency and has agreed that any Commissions payable pursuant to this Agreement shall be paid to the Agency.
View Source

Examples of Producing Agent in a sentence

  • Contractor shall be responsible for all Insurer premium collected by Producing Agent for Insurer business entrusted to Contractor’s Producing Agents.

  • No Broker/Agent Fee or Bonus shall be payable to a non-appointed Contractor or Producing Agent.

  • Insurer reserves the right, at any time, and for any reason, to place a Producing Agent on probation.

  • Producing Agent shall have no claim whatsoever against Insurer for Broker/Agent Fees or any other direct payment from Insurer whether the agreement between Producing Agent and Contractor is either written or oral.

  • Insurer encourages Contractor to establish a written agreement with any Producing Agents specifically stating the rights of both parties with regard to ownership of business placed with it by the Producing Agent and on termination of their agreement.

  • Any agreement shall include a provision wherein the Producing Agent agrees all Broker/Agent Fees for Group contracts and Consumer Direct Contracts secured by Contractor or its Producing Agent shall be paid by Insurer, or Insurer’s designee, directly to Contractor or Contractor’s designated Full-Service Producer/General Producer where applicable.

  • The Producing Agent acknowledges and agrees that the Producing Agent's conduct and this Agreement are subject to all applicable state and federal insurance laws, statutes and regulations.

  • The Producing Agent hereby acknowledges that only properly licensed and appointed individuals may solicit insurance on behalf of the Carriers.

  • If the Producing Agent is doing business as an individual, the Producing Agent must personally sign this Agreement in his/her own name as an agent.

  • During the term of this Agreement, any extension thereof, or at any time after termination of the Agreement, the Producing Agent shall not divulge or use any confidential information about the business of the Carriers except as is authorized by the Carriers.

Related to Producing Agent

  • Servicing Agent means, with respect to an eNote, the field entitled, “Servicing Agent” in the MERS eRegistry.

  • FTPS Unit Servicing Agent means FTP Services LLC or any successor FTPS Unit servicing agent appointed as hereinafter provided."

  • Billing agent means a telephone utility that includes in a bill it sends to a customer a charge for a product or service offered by a service provider. [PL 1999, c. 59, §1 (NEW); PL 1999, c. 59, §3 (AFF).]

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.

  • indenture trustee or “institutional trustee” means the Trustee.