Producing broker definition

Producing broker means an agent or broker licensed under Article 33 of this Chapter who deals directly with the party seeking insurance and who may also be a surplus lines licensee.
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Producing broker means an agent or broker licensed under Article 33 of
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Producing broker means the broker or agent dealing directly with the person seeking insurance if the home state of the person seeking insurance is New Mexico;
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Examples of Producing broker in a sentence

  • Producing broker clients must only be remunerated in line with market practice and you must not offer any of your producing brokers incentives to act against the best interests of insureds.

  • The20 term includes insurance exchanges as authorized under the laws21 of various states.22 "Person." A natural person or business entity.23 ["Producing broker." The broker dealing directly with the24 party seeking insurance.]25 "Purchasing group." An entity formed to purchase liability26 insurance under the Risk Retention Amendments of 1986 (Public 27 Law 99-563, 100 Stat.

  • Producing broker" means an agent or broker licensed under Article 33 of this Chapter who deals directly with the party seeking insurance and who may also be a surplus lines licensee.


More Definitions of Producing broker

Producing broker or “Producing Brokers” means a broker responsible for introducing a proposal for insurance or reinsurance to Besso. The producing broker typically deals directly with the client.
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Producing broker means the individual broker or agent dealing directly with the
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Related to Producing broker

  • Introducing Broker means any financial institution or advisor or legal or natural person obtaining remuneration from the Company and/or Clients for introducing Clients/interested parties to the Company.

  • Producing Party means the parties to this action and any third-parties producing “Confidential Information” in connection with depositions, document production or otherwise, or the party asserting the confidentiality privilege, as the case may be.

  • Data Broker means either of the following:

  • Retailer means every person engaged in the business of making sales at retail, or for distribution,

  • Customs Broker means that individual, partnership, entity or corporation licensed by the Canada Border Services Agency, or other authorized body, to engage in the business of a customs broker and who is named as the Customs Broker in the Agency Agreement and Power of Attorney.

  • Funding and Brokerage Fees means, in respect of a Series, all applicable fees other than the Arranger Fees, including, but not limited to, margin interest, securities lending fees, brokerage fees and costs of transaction taxes on the sale or purchase of Reference Assets (where relevant).

  • Customs Broker Agreement means an agreement, in form reasonably satisfactory to the Collateral Agent, in which the customs broker or other carrier acknowledges that it has control over and holds the documents evidencing ownership of the subject Inventory for the benefit of the Collateral Agent and agrees, upon notice from the Collateral Agent, to hold and dispose of such Inventory solely as directed by the Collateral Agent.

  • Marketer means a duly licensed electric power supplier that

  • Dealer Manager means Realty Capital Securities, LLC, or such other Person selected by the Board of Directors to act as the dealer manager for the Offering.

  • Producer means any broker, insurance producer, agent, general agent, managing general agent, master broker agency, broker general agency, financial specialist or other Person, including any employee of the Ceding Company or its Affiliates, responsible for writing, marketing, producing, selling or soliciting Reinsured Contracts.

  • Loan broker means any person who, for compensation or gain, or in the expectation

  • Associate broker means a licensed broker who is employed by

  • Selling Commission means three percent (3%) of the gross proceeds of Shares sold pursuant to this Agreement, or as otherwise agreed between the Company and the Agent with respect to any Shares sold pursuant to this Agreement.

  • Broker means any person engaged in the business of effecting transactions in securities for the account of others.

  • Approved Broker means a Firm-approved third-party broker for Employee Securities Accounts.

  • Mortgage broker means any person who for compensation or

  • Salesman means an individual, other than a dealer, employed, appointed or authorized by a dealer to sell securities in this state. The partners or executive officers of a registered dealer shall not be deemed salesmen within the meaning of this definition.

  • Producers means all LBMs, MGAs, brokers, agents, general agents, COLI specialty brokers, broker-dealers, producers or other Persons who market or produce the Policies and who (a) have been appointed by the Company, and (b) are entitled to receive Commissions from the Company.