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Memorial Hermann Health Insurance Company Agency Agreement

Memorial Hermann Health Insurance Company Agency Agreement

Memorial Hermann Health Insurance Company Agency Agreement

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vi.vii.Induces or attempts to induce any agent, employee or representative of<strong>Company</strong> to terminate his/her relationship with <strong>Company</strong>; provided <strong>Agency</strong>will be allowed two (2) business days to cure such activity before terminationis effective;Commits any act injurious to <strong>Company</strong> or its policyholders, including, but notlimited to bad faith acts such as poor field underwriting;viii. Threatens or acts in an abusive manner toward <strong>Company</strong> or any of itsemployees;ix.Forfeits its license to write insurance in any State by reason of actioncommenced against the General <strong>Agency</strong> by the <strong>Insurance</strong> Department ofthat State, whether as part of a revocation of such license or in an effort tocompromise or settle such proceedings;x. Fails to notify <strong>Company</strong> of any change in address within one year; orxi.Purports to act, or represents that it is entitled to act in any way on behalfof <strong>Company</strong> without authority of <strong>Company</strong>;b. If this <strong>Agreement</strong> is terminated for cause as provided in this section or if this<strong>Agreement</strong> is terminated without cause but <strong>Company</strong> later discovers that during the<strong>Agency</strong>'s association with <strong>Company</strong> or afterwards that the <strong>Agency</strong> has committed anyof the acts described in this section then the <strong>Agency</strong> shall forfeit to <strong>Company</strong> all right,title and interest in any compensation due the <strong>Agency</strong> under this <strong>Agreement</strong>. Theright of <strong>Company</strong> to declare a complete forfeiture of any and all compensationand/or to terminate this <strong>Agreement</strong> for cause, as provided herein, shall not beconstrued to prelude <strong>Company</strong>’s seeking and obtaining injunctive relief or pursuingother remedies available to <strong>Company</strong>, by law or in equity, for such breach orthreatened breach, including, but not limited to, recovery of damages. A failure toterminate this <strong>Agreement</strong> for cause shall not be a waiver of the right to do so withrespect to any future default.c. This section shall survive termination of this <strong>Agreement</strong>.12. Effect of Termination:a. Upon termination of this <strong>Agreement</strong>, <strong>Agency</strong> agrees to immediately ceasethe distribution and use of all advertising materials and campaigns, sales literature,consumer-oriented information, solicitation letters, and any and all promotionalmaterials or correspondence regarding <strong>Company</strong> Products in any media or in anyform that bears the name, logo or other identifying material of <strong>Company</strong>. <strong>Agency</strong>shall immediately pay all sums due <strong>Company</strong>, including, but not limited to, unearnedcommissions due <strong>Company</strong> under section 7, and deliver to <strong>Company</strong> or itsrepresentative all records relating to the business produced under this <strong>Agreement</strong>.Failure to return <strong>Company</strong>’s property may result in a charge against the <strong>Agency</strong> forthe cost of such items to <strong>Company</strong>.

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