Ohio Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company: Overview: The Ohio Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company establishes a strategic partnership for the distribution of insurance products and related services in the state of Ohio. This agreement enables First American Insurance Portfolios, Inc. to expand its market presence and reach a wider customer base through SET Financial Services Company's extensive network and expertise in the financial services industry. Key Keywords: — Ohio DistributioAgreementen— - First American Insurance Portfolios, Inc. SETEI Financial Services Company - Insurance products — Related service— - Strategic partnership — Market presenc— - Customer base - Extensive network — Financial services industry Types of Ohio Distribution Agreements: 1. Exclusive Ohio Distribution Agreement: This type of agreement grants SET Financial Services Company exclusive rights to distribute First American Insurance Portfolios, Inc.'s insurance products and related services in the state of Ohio. It ensures that SET Financial Services Company has sole access to the market and prevents First American Insurance Portfolios, Inc. from collaborating with or appointing other distributors within the state. 2. Non-Exclusive Ohio Distribution Agreement: Under a non-exclusive distribution agreement, First American Insurance Portfolios, Inc. allows SET Financial Services Company to distribute its insurance products and related services in Ohio. However, First American Insurance Portfolios, Inc. retains the right to collaborate with or appoint other distributors as well, thereby providing more flexibility in reaching customers in the state. 3. Joint Venture Ohio Distribution Agreement: In a joint venture distribution agreement, First American Insurance Portfolios, Inc. and SET Financial Services Company come together to form a separate entity in Ohio for the distribution of insurance products and related services. Both companies invest resources, share profits and risks, and jointly control the operations of the entity. This type of agreement allows for a deeper level of collaboration and strategic decision-making between the two companies. 4. Sub-Distribution Ohio Distribution Agreement: Under this arrangement, First American Insurance Portfolios, Inc. grants SET Financial Services Company the right to distribute its insurance products and related services to sub-distributors within Ohio. This enables SET Financial Services Company to establish a network of subsidiaries or authorized agents who can further distribute the products to end customers. Sub-distribution agreements help in expanding the geographical coverage and reach of the insurance products. In summary, the Ohio Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company allows for the distribution of insurance products and related services in the state of Ohio. Depending on the specific agreement, it can be exclusive or non-exclusive, involve a joint venture or sub-distribution arrangement, and serves as a strategic partnership for both entities involved.
Ohio Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company
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