Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company dated December 8, 1999. 9 pages
The Texas Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company establishes a relationship between the two entities for the distribution of insurance products and services in the state of Texas. This agreement outlines the terms and conditions governing the distribution arrangement, ensuring clarity and protection for both parties involved. Under the Texas Distribution Agreement, First American Insurance Portfolios, Inc. grants SET Financial Services Company the exclusive right to distribute its insurance products in Texas, subject to certain conditions. SET Financial Services Company becomes the authorized distributor, leveraging its expertise in marketing and sales to promote and sell First American Insurance Portfolios' products in the state. The agreement sets forth the roles and responsibilities of each party, specifying that First American Insurance Portfolios, Inc. will provide SET Financial Services Company with access to its insurance products and supporting marketing materials. SET Financial Services Company commits to diligently market and promote these products to potential clients in Texas, utilizing its established network and resources. Furthermore, the agreement defines the compensation structure for SET Financial Services Company. It outlines the commission rates, royalties, or other compensation methods that will be provided to SET Financial Services Company based on the volume of sales, premium generated, or other agreed-upon metrics. This framework ensures transparency and fairness in the distribution relationship. Additionally, the Texas Distribution Agreement may encompass different types of distribution arrangements, depending on the specific insurance products or target markets. Some possible variations include: 1. Exclusive Distribution Agreement: This type of agreement grants SET Financial Services Company the sole right to distribute First American Insurance Portfolios' products in Texas. It may exclude any other entities or individuals from distributing the same products, ensuring a competitive advantage for SET Financial Services Company. 2. Non-Exclusive Distribution Agreement: In contrast to an exclusive agreement, a non-exclusive distribution agreement allows First American Insurance Portfolios, Inc. to engage other distributors alongside SET Financial Services Company. This arrangement allows for broader market coverage and potentially increases the reach of the products in Texas. 3. Limited Distribution Agreement: A limited distribution agreement restricts SET Financial Services Company's distribution rights to specific regions or target markets within Texas. This type of agreement might be beneficial when targeting niche markets or specific customer segments. Overall, the Texas Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company establishes a mutually beneficial partnership for the distribution of insurance products in Texas. It outlines the responsibilities, compensation, and distribution parameters, ensuring a clear understanding and successful collaboration between the two entities.
The Texas Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company establishes a relationship between the two entities for the distribution of insurance products and services in the state of Texas. This agreement outlines the terms and conditions governing the distribution arrangement, ensuring clarity and protection for both parties involved. Under the Texas Distribution Agreement, First American Insurance Portfolios, Inc. grants SET Financial Services Company the exclusive right to distribute its insurance products in Texas, subject to certain conditions. SET Financial Services Company becomes the authorized distributor, leveraging its expertise in marketing and sales to promote and sell First American Insurance Portfolios' products in the state. The agreement sets forth the roles and responsibilities of each party, specifying that First American Insurance Portfolios, Inc. will provide SET Financial Services Company with access to its insurance products and supporting marketing materials. SET Financial Services Company commits to diligently market and promote these products to potential clients in Texas, utilizing its established network and resources. Furthermore, the agreement defines the compensation structure for SET Financial Services Company. It outlines the commission rates, royalties, or other compensation methods that will be provided to SET Financial Services Company based on the volume of sales, premium generated, or other agreed-upon metrics. This framework ensures transparency and fairness in the distribution relationship. Additionally, the Texas Distribution Agreement may encompass different types of distribution arrangements, depending on the specific insurance products or target markets. Some possible variations include: 1. Exclusive Distribution Agreement: This type of agreement grants SET Financial Services Company the sole right to distribute First American Insurance Portfolios' products in Texas. It may exclude any other entities or individuals from distributing the same products, ensuring a competitive advantage for SET Financial Services Company. 2. Non-Exclusive Distribution Agreement: In contrast to an exclusive agreement, a non-exclusive distribution agreement allows First American Insurance Portfolios, Inc. to engage other distributors alongside SET Financial Services Company. This arrangement allows for broader market coverage and potentially increases the reach of the products in Texas. 3. Limited Distribution Agreement: A limited distribution agreement restricts SET Financial Services Company's distribution rights to specific regions or target markets within Texas. This type of agreement might be beneficial when targeting niche markets or specific customer segments. Overall, the Texas Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company establishes a mutually beneficial partnership for the distribution of insurance products in Texas. It outlines the responsibilities, compensation, and distribution parameters, ensuring a clear understanding and successful collaboration between the two entities.