Common use of Client Ownership Clause in Contracts

Client Ownership. 13.1 Save as indicated below all insureds for whom insurances are accepted under this Agreement shall remain the clients of the Agent and not the Cover Holder and the Cover Holder shall not contact the insureds for any purpose save with the permission and participation of the Agent. Should such contact result in the binding of further insurances then the Cover Holder shall pay to the Agent all due commissions. 13.2 Should the Cover Holder introduce to the Agent for the purpose of binding insurances insureds not at that time the clients of the Agent then the insureds shall be and remain the clients of the Cover Holder. The Cover Holder shall pay to the Agent all due commissions relating to insurances bound under this Agreement and the Agent agrees that the Cover Holder may contact such insureds at any time and dispose of further business resulting in any manner the Cover Holder sees fit.

Appears in 4 contracts

Sources: Agency Agreement, Agency Agreement, Agency Agreement