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1. Parties: Identification of the Insurance Company and the Agent, including registration numbers, licenses, and official addresses
2. Background: Context of the agreement, including the Insurance Company's business and Agent's qualifications
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Terms of the agent's appointment, territory, and authorized insurance products
5. Regulatory Compliance: Obligations regarding Wft compliance, licenses, and regulatory requirements
6. Agent's Duties and Responsibilities: Core responsibilities including client service, documentation, and reporting requirements
7. Company's Duties and Responsibilities: Insurance company's obligations including training, support, and materials provision
8. Commission Structure: Details of compensation, commission rates, and payment terms
9. Compliance and Training: Requirements for ongoing compliance, professional development, and training
10. Record Keeping and Reporting: Requirements for maintaining records, client documentation, and regular reporting
11. Confidentiality and Data Protection: GDPR compliance and confidentiality obligations
12. Professional Indemnity: Insurance requirements and liability provisions
13. Term and Termination: Duration of agreement and termination provisions
14. Post-Termination Obligations: Obligations and restrictions following termination
15. General Provisions: Standard clauses including notices, amendments, and governing law
1. Non-Compete Clause: Restrictions on competitive activities during and after the agreement (include when protecting market position is crucial)
2. Marketing and Branding: Rules for using company branding and marketing materials (include for agents with significant marketing activities)
3. Performance Targets: Specific sales targets and performance metrics (include when implementing performance-based incentives)
4. IT Systems and Security: Requirements for using company systems and IT security (include when providing access to proprietary systems)
5. Sub-Agents: Provisions for appointing and managing sub-agents (include when sub-agents are permitted)
6. International Operations: Provisions for cross-border activities (include for agents operating internationally)
7. Premium Collection: Procedures for handling premium collections (include when agent will collect premiums)
1. Schedule A - Products and Services: Detailed list of insurance products and services the agent is authorized to sell
2. Schedule B - Commission Rates: Detailed commission structure, including rates for different products and bonus schemes
3. Schedule C - Territory: Detailed description of the authorized geographic territory
4. Schedule D - Compliance Procedures: Detailed compliance requirements and procedures
5. Schedule E - Service Level Requirements: Specific service standards and performance metrics
6. Appendix 1 - Required Documentation: Templates and forms for required documentation
7. Appendix 2 - Professional Qualifications: Required licenses, certifications, and professional qualifications
Insurance
Financial Services
Risk Management
Insurance Brokerage
Financial Advisory
Wealth Management
Insurance Technology
Legal
Compliance
Sales
Distribution
Operations
Risk Management
Regulatory Affairs
Business Development
Agency Relations
Product Development
Commercial
Insurance Agent
Compliance Officer
Legal Counsel
Insurance Broker
Sales Director
Business Development Manager
Risk Manager
Insurance Operations Manager
Regulatory Affairs Manager
Agency Relations Manager
Insurance Products Manager
Commercial Director
Chief Operating Officer
Chief Compliance Officer
General Counsel
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