The Arizona Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company is a legal contract that outlines the terms and conditions governing the distribution of financial products and services in the state of Arizona. This agreement establishes a partnership between the two companies, allowing First American Insurance Portfolios, Inc. to distribute its insurance products through the extensive distribution network of SET Financial Services Company. Under this agreement, both parties agree to cooperate and work together to promote the insurance products offered by First American Insurance Portfolios, Inc. These products include life insurance, annuities, and other related financial services. SET Financial Services Company, as the distributor, will use its established network and resources to market and sell these products. The agreement specifies the responsibilities and obligations of each party. First American Insurance Portfolios, Inc. is responsible for providing accurate and up-to-date product information, marketing materials, and training to ensure SET Financial Services Company's representatives are well-equipped to sell the insurance products effectively. SET Financial Services Company, as the distributor, undertakes the responsibility of understanding and complying with all applicable laws, regulations, and licensing requirements in Arizona. They are also responsible for maintaining proper records, providing sales reports, and promptly forwarding any customer inquiries or concerns to First American Insurance Portfolios, Inc. Furthermore, the distribution agreement addresses the compensation structure for SET Financial Services Company. It outlines how commissions or fees will be calculated and paid for the distribution of First American Insurance Portfolios, Inc.'s products. The agreement may also include provisions for performance-based incentives to motivate the distributor to maximize sales and achieve predetermined targets. It is important to note that there might be different types of Arizona Distribution Agreements between First American Insurance Portfolios, Inc. and SET Financial Services Company, depending on the specific purposes and scope of the agreement. Some potential variations may include specialized agreements for the distribution of specific insurance products, agreements with different territorial restrictions, or agreements for the promotion of new product lines. In conclusion, the Arizona Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company establishes a collaborative partnership aimed at effectively distributing insurance products in Arizona. The agreement outlines the roles, responsibilities, and compensation arrangements, ensuring a mutually beneficial relationship between both parties.
Arizona Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company
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