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As Security
___, issued by ___ company of ___ upon the life of ___, together with all dividends, benefits, and advantages to be had or derived from it, and from any supplementary agreement or separate contract providing for accidental total loss benefits which may have been issued on that life by the insurer under the same policy number as that above mentioned, and all subject to the conditions of the policy supplementary agreement or separate contract, and to the rules and ...
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Life Insurance
For value received, I assign to ___ of ___, in the state of ___, all my right, title and interest in and to the policy of life insurance numbered ___, issued by ___ company on the life of ___ of ___, in the state of ___, with all the privileges, benefits, advantages and rights secured or accruing to ___ under it, including the right to exercise all options and settlements named in the policy. The ___ company acknowledges the receipt ...
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Contract to Audit and Value Life Policies of Insured
Contract to audit and value life policies of insured. Each policy involved is to form a material part of the audit and abstract, and the insurance company is accepted and held liable only as evidenced by its contract obligation. The audit and valuation to be computed at ___% interest, the policy contract provisions to the contrary notwithstanding.
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Asset Sale Agreement-Credit Insurance
Asset sale agreement-Credit insurance. Seller or one of its affiliates will continue to provide credit insurance purchased in connection with credit sales made by or through the ___ Division on or prior to the Closing Date, except as otherwise requested by Purchaser and permitted by applicable law, in return for which Purchaser will pay and be responsible for a portion of all premiums thereon whether or not actually collected by Purchaser from the credit customers in accordance with ...
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Assignment of Part Interest in Agency Rights in Group Contracts
Assignment of part interest in agency rights in group contracts. Seller, ___, its officers, stockholders and directors, who join in the execution of this agreement, severally and individually, and as a material inducement to purchasers to purchase the shares of stock, contract and covenant that for a full period of 5 years from the date of ___, that they will not engage either directly or indirectly, as principal or as agent on their account, either solely or jointly with others,...
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Agreement for Sale of Insurance Company Division with Reinsurance Provision
This agreement is entered into ___[date] by and between ___ insurance company (transferor) and ___ insurance company transferee. Transferor's A division business consists of the weekly premium life and A & H business, monthly debit ordinary life business, credit life and credit A & H business. Transferor also desires to sell and transfer to transferee its A division office building, automobiles, office equipment, supplies, books, records, agency force and other
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Termination of Agency
Without restricting the right of the company to terminate this agreement on ___ days' notice, the company may terminate this agreement immediately upon written notice to the general agent's last known address if general agent shall fail to comply with the rules and regulations of the company, the laws of the state or states applicable, or regulations of the department of insurance of such state, or shall fail, to conform to the terms and conditions of this agreement or any other agency ...
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After Termination of Contract
I agree that during the year following the termination of this employment I will not, directly, or indirectly, induce or attempt to induce any employee of the company to quit or abandon the company's employ for any purpose. In view of the practical impossibility of determining by computation or legal proof the exact amount of damages resulting to the company from a violation by me of the provisions of this section, $___ is agreed upon as the liquidated damages for my breach of this section...
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Sale of Agency
[Particular provisions] Seller owns and operates a general insurance agency business in ___, under the assumed name of ___. [Contracts] Purchaser acknowledges that seller has made no representations with respect to contracts, arrangements, and insurance programs with the clients of seller, or with respect to contracts, arrangements, and insurance programs between seller and the insurance companies represented by seller. Seller shall also promptly upon closing, notify all ...
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District Manager's Employment Contract
District manager's employment contract. Made and entered into by and between the ___ insurance company, of ___, company, and ___ of ___, district manager. 4. Company may at any time offset against any commissions or other remuneration due or to become due to district manager, or anyone claiming through or under district manager, any debt or debts due or to become due from district manager to company.
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Sale of Interest in Agency
Sale of interest in agency. Have sold to ___, of the county of ___ and state of ___, all of the interest I have in the insurance business and agency of ___, together with my goodwill to the expirations and business on the books of such business and including all office furniture and fixtures, supplies and equipment situated on the ___ floor of the ___ building in the city of ___, and all the books and records of the business; the principal items of ...
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Value of Business and Adjustment of Purchase Price to Value
Value of business and adjustment of purchase price to value. Subsequent to the date of execution of this agreement and prior to the date of closing, purchaser shall have the right to examine the files and records of seller in order to ascertain the value of the agency business being sold pursuant to this agreement. Seller represents that gross annual premiums total $___ and that gross average commission is ___% of the gross annual premiums, or $___ per month.
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Assignment of Part Interest in Agency Rights in Group Contracts
Assignment of part interest in agency rights in group contracts. Seller now owns and controls sole agency rights to certain group accident and health contracts written by ___ Insurance Co. of ___, ___ Insurance Co. of ___, etc. ___ Group accident and health contracts written by ___ Insurance Co. of ___ for members of ___.
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Release of Claim under Policy
Release of claim under policy. ___, late of the city of ___, county of ___ and state of ___, was at the time of death the holder in good standing of policy of health and accident insurance No. ___, issued by ___, the policy stipulating that, subject to the exceptions contained in the policy, the principal sum in it should be paid to the beneficiary named in it, ___, in the event ___ suffered death solely as a consequence of bodily injury ...
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Noncompetition and Other Covenants of Seller
Canvass, solicit, or accept any business for any other insurance agency, from any present or past clients of the agency. Give any other person, firm, or corporation the right to canvass, solicit, or accept any business for any other insurance agency, from any present or past clients of the agency. Directly or indirectly request or advise any present or future clients of the agency to withdraw, curtail, or cancel business with the agency.
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Loan to Insured to Be Repaid Only from Recovery from Third Person for Loss Covered
Loan to insured to be repaid only from recovery from third person for loss covered. Borrowed and received from ___ insurance company, ___, ___, $___, as a loan, without interest, repayable out of any net recovery the undersigned may make from any vessel, carrier, bailee, or others, upon or by reason of any claim for loss of or damage to the property described below, or from any insurance effected by any carrier, bailee or others on the property, and as security for such ...
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Contract Assuming Liabilities of Another Insurance Company
Contract assuming liabilities of another insurance company. This contract of insurance is made ___[date], by and between ___ corporation of ___(the Employers) and the ___ company of ___, ___(the Western). The Western desires the Employers to assume and discharge those liabilities (except liability to stockholders) and to liquidate the insurance business of the Western.
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Provisions in Title Insurance Agency Contract
No commitment to insure nor policy of title insurance shall be issued or delivered by agent or subagents unless and until the complete title as shown by the abstract or records has been examined and approved by an attorney who has been duly nominated by agent and/or a duly qualified subagent and approved by contractor as a title examiner. All papers incidental to the transaction in connection with which the title insurance issued shall also be submitted to and approved by the approved title ...
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Of Field Manager
1. Company will allow field manager first year overwriting commissions, overwriting renewal commissions, and service fees, provided for in this contract on premiums paid on policies written and delivered by field manager and by agents working under the jurisdiction of field manager within the territory assigned in this contract to field manager. 2. Renewal overwriting commissions will be allowed field manager while this agreement remains in full force and effect on premiums paid on policies ...
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Of Special Agency
This agreement may be terminated by either party giving the other ___ days' written notice. It shall be terminated automatically by death of the special agent, subject however to the provisions of paragraph ___ of this agreement. Effect of Termination on Commissions.
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