A Virginia Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company sets forth the terms and conditions for the distribution of insurance products and services in the state of Virginia. This agreement outlines the responsibilities and obligations of both parties, ensuring a mutually beneficial partnership in the distribution of insurance offerings. First American Insurance Portfolios, Inc. is a renowned insurance provider offering a wide range of insurance products, while SET Financial Services Company is a reputable financial services firm specializing in investment management and advisory services. Together, they seek to establish a strategic alliance to efficiently distribute insurance products to customers in Virginia. Under this partnership, First American Insurance Portfolios, Inc. grants SET Financial Services Company the rights to distribute its insurance products within the state of Virginia. SET Financial Services Company becomes an authorized distributor, allowing them to market, sell, and service these insurance offerings to their clients. The Virginia Distribution Agreement specifies the specific types of insurance products that can be distributed by SET Financial Services Company. These products may include life insurance, health insurance, disability insurance, long-term care insurance, annuities, and other insurance products that fall within First American Insurance Portfolios, Inc.'s portfolio. Furthermore, the agreement defines the geographic territory where the distribution rights are applicable. In this case, the agreement targets the state of Virginia, ensuring that SET Financial Services Company exclusively operates within this region and promotes First American Insurance Portfolios, Inc.'s offerings to customers in Virginia. Both parties are required to adhere to certain guidelines outlined within the agreement. SET Financial Services Company is expected to comply with any branding or marketing guidelines specified by First American Insurance Portfolios, Inc. This ensures consistent and accurate representation of the insurance products, maintaining the brand's integrity throughout the distribution process. Additionally, the Virginia Distribution Agreement may include provisions related to compensation and commissions. The agreement will outline the commission structure, payment terms, and any additional incentives or performance-based compensation that may apply to SET Financial Services Company. These details ensure transparency and fairness in the distribution relationship. In some cases, there may be variations or different types of Virginia Distribution Agreements between First American Insurance Portfolios, Inc. and SET Financial Services Company. These variations might include agreements specific to certain insurance product lines, exclusive distribution arrangements, or agreements with different terms and conditions tailored to specific commercial relationships or business models. However, the specific types of Virginia Distribution Agreements can only be confirmed by reviewing the individual contracts entered into by the aforementioned parties. Overall, a Virginia Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company establishes a collaborative framework for the distribution of insurance products in the state of Virginia. This agreement allows both parties to harness their respective expertise and networks, ultimately benefiting customers by providing access to comprehensive insurance solutions while fostering growth and success within the insurance industry in Virginia.
Virginia Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company
Category:
State:
Multi-State
Control #:
US-EG-9187
Format:
Word;
Rich Text
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Description
Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company dated December 8, 1999. 9 pages
A Virginia Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company sets forth the terms and conditions for the distribution of insurance products and services in the state of Virginia. This agreement outlines the responsibilities and obligations of both parties, ensuring a mutually beneficial partnership in the distribution of insurance offerings. First American Insurance Portfolios, Inc. is a renowned insurance provider offering a wide range of insurance products, while SET Financial Services Company is a reputable financial services firm specializing in investment management and advisory services. Together, they seek to establish a strategic alliance to efficiently distribute insurance products to customers in Virginia. Under this partnership, First American Insurance Portfolios, Inc. grants SET Financial Services Company the rights to distribute its insurance products within the state of Virginia. SET Financial Services Company becomes an authorized distributor, allowing them to market, sell, and service these insurance offerings to their clients. The Virginia Distribution Agreement specifies the specific types of insurance products that can be distributed by SET Financial Services Company. These products may include life insurance, health insurance, disability insurance, long-term care insurance, annuities, and other insurance products that fall within First American Insurance Portfolios, Inc.'s portfolio. Furthermore, the agreement defines the geographic territory where the distribution rights are applicable. In this case, the agreement targets the state of Virginia, ensuring that SET Financial Services Company exclusively operates within this region and promotes First American Insurance Portfolios, Inc.'s offerings to customers in Virginia. Both parties are required to adhere to certain guidelines outlined within the agreement. SET Financial Services Company is expected to comply with any branding or marketing guidelines specified by First American Insurance Portfolios, Inc. This ensures consistent and accurate representation of the insurance products, maintaining the brand's integrity throughout the distribution process. Additionally, the Virginia Distribution Agreement may include provisions related to compensation and commissions. The agreement will outline the commission structure, payment terms, and any additional incentives or performance-based compensation that may apply to SET Financial Services Company. These details ensure transparency and fairness in the distribution relationship. In some cases, there may be variations or different types of Virginia Distribution Agreements between First American Insurance Portfolios, Inc. and SET Financial Services Company. These variations might include agreements specific to certain insurance product lines, exclusive distribution arrangements, or agreements with different terms and conditions tailored to specific commercial relationships or business models. However, the specific types of Virginia Distribution Agreements can only be confirmed by reviewing the individual contracts entered into by the aforementioned parties. Overall, a Virginia Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company establishes a collaborative framework for the distribution of insurance products in the state of Virginia. This agreement allows both parties to harness their respective expertise and networks, ultimately benefiting customers by providing access to comprehensive insurance solutions while fostering growth and success within the insurance industry in Virginia.
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