Connecticut Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company A Connecticut Distribution Agreement is a legal contract established between First American Insurance Portfolios, Inc. (FAIR) and SET Financial Services Company, specifically designed to outline the terms and conditions governing the distribution of financial insurance products in the state of Connecticut. This collaboration allows FAIR to leverage SET's robust distribution network and expertise in Connecticut, expanding its reach and ensuring wider availability of its insurance products to customers. Under this agreement, both FAIR and SET mutually agree to work together towards the efficient distribution of insurance products in Connecticut. The key purpose is to ensure that FAIR's diverse portfolio of insurance offerings is successfully marketed and distributed through SET's network of advisors, broker-dealers, and financial institutions across the state. This distribution agreement encompasses various types of insurance products offered by FAIR, including life insurance, health insurance, property and casualty insurance, and annuities. It enables SET to represent and market these products effectively in Connecticut, simplifying the purchasing process for clients and providing them with improved access to FAIR's insurance offerings. Moreover, the Connecticut Distribution Agreement establishes provisions related to compensation arrangements between FAIR and SET. It outlines the agreed-upon commission structure or any other forms of remuneration that SET may receive based on sales or performance metrics. These terms ensure transparency and a fair distribution of revenue between the two parties involved in the agreement. To meet regulatory compliance requirements, the distribution agreement also includes clauses pertaining to licensing, registration, and adherence to state insurance laws and regulations. Both FAIR and SET commit to operating within the legal framework set by the Connecticut Insurance Department, ensuring full compliance and consumer protection. In conclusion, the Connecticut Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company establishes a partnership aimed at efficiently distributing various insurance products in Connecticut. By leveraging SET's distribution network and expertise, FAIR can expand its market presence and provide a wider range of insurance options to customers within the state.
Connecticut Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company
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