Idaho Distribution Agreement: First American Insurance Portfolios, Inc. and SET Financial Services Company The Idaho Distribution Agreement between First American Insurance Portfolios, Inc. (FAIR) and SET Financial Services Company (SET) is a comprehensive agreement outlining the terms and conditions for the distribution of insurance products and services in Idaho. This agreement establishes a strategic partnership between FAIR, a leading insurance provider, and SET, a prominent financial services company, allowing them to jointly reach and serve customers in the Idaho region. Under this agreement, FAIR grants SET the non-exclusive right to distribute its insurance products and services in Idaho. SET, in turn, agrees to promote, market, and distribute FAIR's insurance offerings through its trusted network of financial advisors and professionals operating within the state. This collaboration aims to expand FAIR's market reach by tapping into SET's extensive distribution channels and expertise in the Idaho insurance market. The Idaho Distribution Agreement covers various types of insurance products and services that FAIR offers, including life insurance, disability insurance, long-term care insurance, annuities, and other related financial protection products. SET commits to diligently market and educate its financial advisors about FAIR's insurance products, ensuring that they have a thorough understanding of the features, benefits, and suitability for potential clients. To enhance the success of the distribution efforts, the agreement also outlines the responsibilities of both parties. FAIR will provide SET with the necessary marketing materials, product training, and ongoing support to enable efficient distribution. SET will use its best efforts to promote FAIR's products and ensure compliance with all relevant laws, rules, and regulations governing insurance distribution within Idaho. It is important to note that while the Idaho Distribution Agreement is not specific to certain types or categories of insurance products, different versions may exist to cater to specific segments of the insurance market. For example, there might be separate agreements for life insurance distribution, annuity distribution, or specialized insurance products such as long-term care insurance. These different agreements may include additional provisions specific to the respective insurance types, addressing unique distribution requirements, commission structures, and compliance guidelines. The purpose of such variations is to ensure tailored distribution strategies to maximize the effectiveness and growth potential of each product or service offered by FAIR through SET. In summary, the Idaho Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company establishes a mutually beneficial collaboration to distribute insurance products and services in Idaho. Through their strategic partnership, FAIR aims to increase market penetration, while SET leverages FAIR's reputable insurance offerings to enhance its portfolio of financial products and better cater to the needs of its Idaho customers.
Idaho Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company
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