insurance agency contract
this insurance agency contract (the ¡°contract¡±) is made and entered into as of 20...
company name
(hereinafter referred to as the ¡°principal¡±)
phone
e-mail
address
agents name
(hereinafter referred to as the ¡°agent¡±)
phone
e-mail
whereas, the principal is an insurance agency licensed to sell insurance products in the (country) and
whereas, the agent desires to represent the principal and sell its insurance products according to the terms and conditions set forth in this contract.
now, therefore, in consideration of the mutual covenants and agreements contained herein, the parties agree as follows
i.appointment
the principal hereby appoints the agent as its non-exclusive agent to solicit, negotiate, and procure applications for insurance policies on behalf of the principal for the duration of this contract.the agent accepts such appointment and agrees to comply with all applicable laws, rules, and regulations governing the solicitation and sale of insurance.
ii.duties of the agent
the agent agrees to
1.sales and marketing
actively promote and sell the insurance products offered by the principal in a manner that complies with applicable laws and ethical standards.
2.client relations
maintain a professional relationship with clients, providing accurate and timely information about insurance products and policies.
3.licensing
maintain all necessary licenses required to conduct business as an insurance agent in the states in which the agent operates.the agent shall provide proof of such licenses to the principal upon request.
4.reporting
provide the principal with timely reports on sales activities, client interactions, and other pertinent information as requested by the principal.
5.training
attend all required training sessions and meetings