AUTHORITY AND APPOINTMENT. The Company hereby appoints and gives authority to the Producer to receive applications for:
AUTHORITY AND APPOINTMENT. The Company hereby appoints and gives authority to the Producer to receive applications for: ( X) homeowner insurance coverage ( ) commercial property insurance underwritten by the Company, as set forth in the Companies current manuals, underwriting rules, rates, regulations, procedures, directives, and any other written, faxed and electronic instructions, hereinafter referred to as “guidelines” and for which a commission is specified in the Company’s Commission Schedule. The guidelines are subject to Producers restrictions dictated by the applicable laws of Florida and to the terms and conditions outlined in this agreement. The Company also gives authority to Producer to collect, receive and record receipt for premium and to provide such usual and customary services of an insurance agent on all contracts of insurance accepted by the Company, in accordance with the Guidelines. Premiums must be forwarded to the designated office of Company pursuant to the terms of this Agreement. All of the authority granted is subject to the limitations set forth in this document and in the Guidelines. Producer agrees to indemnify the Company for any loss sustained by the Company as a result of failure of Producer to forward the premiums as required. The Company retains the right to terminate this Agreement, seek a claim against the Producers Errors and Omissions Coverage, or to seek any available legal or equitable remedy should the Producer fail to follow the terms of this provision. The Producer is not allowed to backdate the inception date of any application, policy or endorsement. Producer may not place any risk without first receiving the appropriate down payment and securing a signed application and additional required forms from the name insured. Producer has no authority to submit to the Company any applicant or policyholder information that the Producer knows or has reason to know is false or inaccurate. The Producer may not place coverage on any category of risk that is listed as unacceptable per the Company Guidelines, nor place any coverage on a risk not specified in the Guidelines. Company may restrict any part or all of the Producer’s authority, but if this right is exercised it will not cancel this Agreement or reduce the Producers obligations hereunder. Receipt of any product manuals that are outside Producer’s authority shall not be construed as an expansion of that authority absent confirming written notice. Unless specifically authorized in writing by t...
AUTHORITY AND APPOINTMENT. 1.1 The Client hereby officially authorises and appoints Henley Recoveries Group to exclu- sively recover nominated debts that are owed to the Client by its debtors from time to time, on the terms contained in this agreement (Appointment).
AUTHORITY AND APPOINTMENT. Company hereby appoints and grants authority to Agency to solicit and receive applications and provide quotes for the lines and classes of insurance coverage underwritten by Company, set forth in Company’s current program manual, underwriting rules, rate guides, regulations, rates, procedures, directives, and other written and electronic instructions, hereinafter referred to as “Guidelines.” The Guidelines are subject to Agency’s restrictions dictated by the applicable laws of the state where Agency is authorized to write insurance and to the terms and conditions specified in this Agreement. Agency shall prepare quotes for insurance as directed in the Guidelines. If Agency has procured completed and executed application materials and the appropriate premium down payment from an applicant, Agency may sell insurance, and bind coverage, in accordance with the Guidelines. Agency shall send to Company the completed application materials and premium down payment as instructed in the Guidelines. Agency shall have no authority to collect premiums on any insurance written hereunder other than the appropriate down payment. If Agency receives any premium payment, Agency shall promptly remit the same to Company. Agency shall not retain any Fees Per Conversion from any premiums collected, received or accepted. All premium payments received by Agency, whether authorized or not, shall at all times be held in trust for the sole and exclusive use and benefit of Company. Agency shall not charge applicants for insurance or policyholders any fees or charges The Agent will only conduct business within the geographical Territory in which the Agency is authorized to act. Company reserves the right to appoint and/or continue the appointment of one or more Agencies in the above mentioned Territory. The appointment under this Agreement is non-exclusive as to either party. Agency may represent other insurance companies and Company may appoint other agents. Nothing herein contained shall be construed to create the relationship of employee and employer between Company and Agency. Agency is acting as an independent contractor only and not as an employee, partner, joint venturer or associate of Company. Agency may exercise its own judgment as to the time and manner of performance of services, except that Agency shall conform with Company’s directives, rules, and regulations as specified in this Agreement, the Guidelines, and/or as announced from time to time. Agency shall have no power ...
