Wake North Carolina License Agreement is a legal document that establishes the terms and conditions between the Missouri State Medical Association (Mother) and Missouri Medical Insurance Company (MIMIC). This agreement outlines the agreement's purpose, the parties involved, and the rights and obligations of each party. It serves as a guide to defining the relationship between the Mother and MIMIC regarding the use of the Wake North Carolina license. The Wake North Carolina License Agreement between Mother and MIMIC aims to ensure that the licensed medical professionals under the Mother network can provide their services within the Wake North Carolina region. The license agreement enables MIMIC to provide medical malpractice insurance coverage to the medical practitioners affiliated with Mother. The agreement consists of various key clauses and provisions that both parties must comply with. It includes details such as the effective date of the agreement, the scope of coverage, licensing fees, intellectual property rights, termination conditions, and dispute resolution mechanisms. One type of Wake North Carolina License Agreement between Mother and MIMIC is the Individual Practitioner License Agreement. This type of agreement is signed by individual medical practitioners who are members of Mother and wish to obtain medical malpractice insurance coverage through MIMIC for operating in the Wake North Carolina region. The agreement outlines specific terms and conditions applicable to individual practitioners, including coverage limits, premium payments, and claims reporting procedures. Another type of license agreement is the Group Practice License Agreement. This agreement is signed by a group of medical practitioners who are part of the same practice or clinic affiliated with Mother. The group practice agreement allows MIMIC to provide medical malpractice insurance coverage to the entire group of practitioners within the Wake North Carolina region. It defines the responsibilities and liabilities of both Mother and MIMIC in relation to the group practice. The Wake North Carolina License Agreement between Mother and MIMIC is crucial in ensuring clarity, transparency, and compliance among the parties involved. It helps protect the interests of both the medical practitioners and the insurance company, creating a solid foundation for the provision of quality healthcare services in Wake North Carolina. Compliance with the terms and conditions outlined in the agreement is vital to maintaining a harmonious and beneficial relationship between Mother and MIMIC.