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

LIMITATIONS ON AGENT'S AUTHORITY. The Agent shall have no authority, nor shall it represent itself to have any authority other than as specifically provided for in this Agreement. Agent shall not perform any of the following acts: a. Make, waive, alter, or change any term, rate or condition stated in any policy of insurance or Company approved form or rate, without the prior written consent of the Company; b. Extend the time for payment of premiums or other monies due to the Company; c. Transact business contrary to the rules and regulations of any insurance department and/or other governmental authorities having jurisdiction over any actions performed under this Agreement; d. Make, accept or endorse notes or checks payable to the Company, or otherwise incur any expense or liability on behalf of the Company, unless authorized in writing by the Company; e. Enter into a sub-agent, broker, or other agreement that authorizes the sub-agent, broker or other party to perform any act, affecting any term or condition of this Agreement; or f. Back date the effective date of coverage of any binder or policy. g. Enter into any contractual agreement on behalf of the Company unless the Company gives its expressed written consent.

LIMITATIONS ON AGENT'S AUTHORITY. The Agent shall have no authority, nor shall it represent itself to have any authority other than as specifically provided for in this Agreement. Agent shall not perform any of the following acts: a. Make, waive, alter, or change any term, rate or condition stated in any policy of insurance or Company approved form or rate, without the prior written consent of the Company; b. Extend the time for payment of premiums or other monies due to the Company, unless authorized in writing by the Company; c. Transact business contrary to the rules and regulations of any insurance department and/or other governmental authorities having jurisdiction over any actions performed under this Agreement; d. Make, accept or endorse notes or checks payable to the Company, or otherwise incur any expense or liability on behalf of the Company, unless authorized in writing by the Company; e. Enter into a sub-agent, broker, or other agreement that which authorizes the sub-agent, broker broker, or other party to perform any act, affecting any term or condition of this Agreement; or f. Back date the effective date of coverage of any binder or policy. g. Enter into any contractual agreement on behalf of the Company unless the Company gives its expressed written consent.