Common use of LIMITATIONS ON AGENT'S AUTHORITY Clause in Contracts

LIMITATIONS ON AGENT'S AUTHORITY. 3.1 Agent may only bind insurance within HMGA’s binding restrictions, which may be revoked or limited at any time by HMGA. 3.2 Agent agrees to be bound by the prevailing published underwriting guidelines in force at the time that the insurance to which such underwriting guidelines relate is placed by Agent under this Agreement. If any other term of this Agreement limits Agent’s authority to specific coverage’s or otherwise restricts Agent, receipt by Agent of any underwriting guidelines shall not operate to expand Agent’s authority. 3.3 The agent shall have no authority to waive or modify any term of the insurance policy. 3.4 Agent shall have no authority to broker any business hereunder, or to share Commission with another broker or agent not employed by or associated with Agent. No employee of Agent shall bind or place any application for insurance with any Insurance Company unless appointed by that company as required by law. 3.5 All of the foregoing authority and powers shall be subject at all times to compliance by HMGA and Agent with all local, state, and federal laws, and to all terms and conditions of the Agreement hereinafter set forth. 3.6 Agent agrees that he will not use the name, trade name, logo, trademark or other intellectual property of HMGA in any advertising without prior written approval by HMGA.