Allegheny Pennsylvania Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company: The Allegheny Pennsylvania Distribution Agreement between First American Insurance Portfolios, Inc. (FAIR) and SET Financial Services Company (SET) is a legally binding contract that outlines the terms and conditions for the distribution of financial products and services in the Allegheny Pennsylvania region. This distribution agreement enables SET to act as a distributor on behalf of FAIR within the specified territory. It establishes a partnership between the two companies, allowing FAIR to leverage SET's extensive network, expertise, and resources to reach a wider customer base and enhance market presence in Allegheny Pennsylvania. Under this agreement, FAIR grants SET the exclusive right to distribute its insurance products and services in the assigned geographic area. SET acts as a representative of FAIR, catering to the needs of clients and providing relevant information about the available products and services. The agreement outlines the responsibilities and obligations of both parties, emphasizing the need for shared commitment, transparency, and cooperation. It also delves into the terms of compensation, stipulating the applicable commission structure or any other financial arrangements. This specific Allegheny Pennsylvania Distribution Agreement addresses the distribution of insurance products and services, but it's worth mentioning that there may be different types of distribution agreements that exist between FAIR and SET in Pennsylvania or nationwide: 1. Statewide Distribution Agreement: If FAIR appoints SET as its exclusive distributor for insurance products and services throughout the entire state of Pennsylvania, a broader agreement may be in place to cover all counties and regions within the state. 2. National Distribution Agreement: If FAIR and SET extend their distribution partnership beyond Pennsylvania, a national distribution agreement could be established. This agreement would enable SET to distribute FAIR's insurance products across multiple states, expanding the reach and customer base significantly. It's important to note that the terms and conditions, scope, and territories covered may vary within each Allegheny Pennsylvania Distribution Agreement, depending on the specific arrangements made between FAIR and SET. The agreement may also include provisions for termination, dispute resolution mechanisms, and clauses ensuring compliance with relevant laws and regulations.