Insurance Producer Agreement Template
Producer is an independent contractor and is responsible for payment of.
Insurance producer agreement template. If the latter format is used the contract should reflect th t the parties are the production company and the lender. Insurance producer agreement this agreement effective on 20 and continuing until terminated pursuant to this agreement is between manchester specialty programs inc. This producer agreement is made and entered into effective the day of 20 by and between insurance market solutions group llc a texas company having its principal offices in houston texas hereinafter referred to as we us our or imsg and. Producer agreement w 9 form apex insurance services apex is a wholesale broker program administrator and underwriting manager specializing in property casualty insurance workers compensation risk management and claims solutions for public entities and educational institutions.
Fidelity guaranty life insurance company admin 5483 01 2011 fidelity guaranty life insurance company baltimore md section 7. A production agreement is a specific type of service agreement whereby one entity the production services provider or producer contracts to produce an art or media project for the client. A delaware corporation with its office and principal place of business at 1000 elm street 19 th floor manchester nh 03101 hereinafter called msp a nd name of agency producer with its office and. The effective date of this.
1 under this agreement the producer contracts with the company to place business offered and made available from the company for various insurance products written by various insurers. Producer agreement short form this agreement may be adapted as an agreement between a production company and producer or between a production company and a loan out company lender which furnishes the services of the producer. This insurance producer agreement the agreement between rockwood programs inc 3001 philadelphia pike claymont de 19703 the company and the producer listed above the producer effective on the date noted above governs the relationship between the parties for the type of business covered under this agreement. Production agreements can be between large entities like two big companies or they can be individual to individual in other words a small client hiring a small producer.
You cannot offer or sell any of the company s insurance products unless you are affiliated with an agency that has been appointed to sell the company s insurance. The producer shall maintain in full force and effect during the term of this agreement a policy or policies of errors and omissions e o insurance issued by an insurer acceptable to coastal and affording coverage in the minimum amount of 1 000 000 for acts of the producer its subagents and employees. Insurance producer agreement insurer. The producer understands and agrees it is not an agent of the company and it has no authority under this agreement to bind coverage unless otherwise expressly agreed to in writing between the company and producer.
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