Hennepin Minnesota Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company

State:
Multi-State
County:
Hennepin
Control #:
US-EG-9187
Format:
Word; 
Rich Text
Instant download

Description

Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company dated December 8, 1999. 9 pages Hennepin, Minnesota Distribution Agreement The Hennepin, Minnesota Distribution Agreement between First American Insurance Portfolios, Inc. (FAIR) and SET Financial Services Company is a comprehensive contractual agreement that outlines the terms and conditions governing the distribution of insurance products and services in the Hennepin, Minnesota region. This Distribution Agreement aims to establish a strategic partnership between FAIR and SET Financial Services Company, leveraging their respective expertise and resources to effectively reach and serve customers in Hennepin, Minnesota. It ensures a clear understanding and alignment of the roles, responsibilities, and obligations of both parties involved. Key terms and provisions commonly found in the Hennepin, Minnesota Distribution Agreement may include: 1. Distribution Scope: The agreement defines the geographical extent of the distribution, specifically focusing on the Hennepin, Minnesota area. It outlines the target market and customer segments to be served. 2. Product Portfolio: The agreement lists the specific insurance products and services to be distributed by FAIR through SET Financial Services Company in Hennepin, Minnesota. This may include life insurance, health insurance, annuities, disability insurance, and more. 3. Sales and Marketing Responsibilities: The agreement outlines the sales and marketing activities to be undertaken by both FAIR and SET Financial Services Company. It may include joint promotional campaigns, lead generation strategies, and the provision of marketing materials. 4. Compensation and Commission Structure: The agreement defines the compensation structure for both FAIR and SET Financial Services Company. It establishes the commission rates and payment methods for each insurance product or service sold through the distribution channel. 5. Compliance and Regulatory Requirements: The Distribution Agreement ensures that both FAIR and SET Financial Services Company adhere to all applicable laws, regulations, and industry standards in their distribution activities. This includes compliance with insurance licensing, consumer protection, and privacy laws. 6. Term and Termination: The agreement stipulates the initial term of the agreement, typically ranging from one to five years, as well as provisions for renewal or termination. It outlines the conditions under which either party may terminate the agreement, such as non-performance, breach of contract, or change in business circumstances. Different types of Hennepin, Minnesota Distribution Agreements between First American Insurance Portfolios, Inc. and SET Financial Services Company may vary based on factors such as the duration of the agreement, the specific insurance products being distributed, and the targeted customer segments. However, the aforementioned key provisions are generally common across various versions of this agreement. Overall, the Hennepin, Minnesota Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company creates a structured framework for collaboration and mutual benefit, facilitating the efficient distribution of insurance products and services in the Hennepin, Minnesota region.

Hennepin, Minnesota Distribution Agreement The Hennepin, Minnesota Distribution Agreement between First American Insurance Portfolios, Inc. (FAIR) and SET Financial Services Company is a comprehensive contractual agreement that outlines the terms and conditions governing the distribution of insurance products and services in the Hennepin, Minnesota region. This Distribution Agreement aims to establish a strategic partnership between FAIR and SET Financial Services Company, leveraging their respective expertise and resources to effectively reach and serve customers in Hennepin, Minnesota. It ensures a clear understanding and alignment of the roles, responsibilities, and obligations of both parties involved. Key terms and provisions commonly found in the Hennepin, Minnesota Distribution Agreement may include: 1. Distribution Scope: The agreement defines the geographical extent of the distribution, specifically focusing on the Hennepin, Minnesota area. It outlines the target market and customer segments to be served. 2. Product Portfolio: The agreement lists the specific insurance products and services to be distributed by FAIR through SET Financial Services Company in Hennepin, Minnesota. This may include life insurance, health insurance, annuities, disability insurance, and more. 3. Sales and Marketing Responsibilities: The agreement outlines the sales and marketing activities to be undertaken by both FAIR and SET Financial Services Company. It may include joint promotional campaigns, lead generation strategies, and the provision of marketing materials. 4. Compensation and Commission Structure: The agreement defines the compensation structure for both FAIR and SET Financial Services Company. It establishes the commission rates and payment methods for each insurance product or service sold through the distribution channel. 5. Compliance and Regulatory Requirements: The Distribution Agreement ensures that both FAIR and SET Financial Services Company adhere to all applicable laws, regulations, and industry standards in their distribution activities. This includes compliance with insurance licensing, consumer protection, and privacy laws. 6. Term and Termination: The agreement stipulates the initial term of the agreement, typically ranging from one to five years, as well as provisions for renewal or termination. It outlines the conditions under which either party may terminate the agreement, such as non-performance, breach of contract, or change in business circumstances. Different types of Hennepin, Minnesota Distribution Agreements between First American Insurance Portfolios, Inc. and SET Financial Services Company may vary based on factors such as the duration of the agreement, the specific insurance products being distributed, and the targeted customer segments. However, the aforementioned key provisions are generally common across various versions of this agreement. Overall, the Hennepin, Minnesota Distribution Agreement between First American Insurance Portfolios, Inc. and SET Financial Services Company creates a structured framework for collaboration and mutual benefit, facilitating the efficient distribution of insurance products and services in the Hennepin, Minnesota region.

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Hennepin Minnesota Distribution Agreement between First American Insurance Portfolios, Inc. and SEI Financial Services Company