Misappropriation of Funds. The intentional misappropriation by a party of funds or property of the other party or funds received for it or Policyholders by such other party, including but not limited to the intentional failure by Agent to remit to Company or Policyholders funds due promptly after written demand therefore by Company; and C.
Appears in 2 contracts
Sources: Agency Agreement (Paula Financial), Agency Agreement (Paula Financial)
Misappropriation of Funds. The intentional misappropriation by a party of funds or property of the other party or funds received for it or Policyholders by such other party, including but not limited to the intentional failure by Agent to remit to Company or Policyholders funds due promptly after written demand therefore by Company; and C.and
Appears in 1 contract
Sources: Agency Agreement (Paula Financial)