Franklin Ohio Administration Agreement between First American Insurance Portfolios, Inc. and U.S. Bank National Association

• Category: Corporations - Public - Administration
• State: Multi-State
• County: Franklin
• Control #: US-EG-9190
• Format: Word; Rich Text

Description

Administration Agreement between First American Insurance Portfolios, Inc. and U.S. Bank National Association dated January 1, 2000. 13 pages The Franklin Ohio Administration Agreement is a contractual agreement between First American Insurance Portfolios, Inc. and U.S. Bank National Association. This agreement outlines the terms and conditions under which U.S. Bank will provide administrative services to First American Insurance Portfolios within the jurisdiction of Franklin, Ohio. The administration agreement plays a crucial role in ensuring smooth operations and effective management of insurance portfolios. It defines the responsibilities, obligations, and rights of both parties involved. Here are some relevant keywords related to the Franklin Ohio Administration Agreement: 1. Administration Services: The agreement outlines the specific administrative tasks that U.S. Bank will undertake on behalf of First American Insurance Portfolios, such as record keeping, asset management, and reporting. 2. Compliance: The agreement includes provisions related to regulatory compliance. U.S. Bank is responsible for ensuring that all administrative activities adhere to applicable laws, regulations, and industry standards. 3. Fee Structure: The administration agreement establishes the fees and compensation structure for U.S. Bank's services. It may specify a fixed fee, a percentage of assets under management, or a combination of both. 4. Performance Standards: The agreement may include performance metrics or benchmarks that U.S. Bank must meet to ensure that the insurance portfolios are administered effectively and efficiently. 5. Termination: The administration agreement outlines the circumstances under which either party may terminate the agreement. It may include provisions for early termination, notice periods, and dispute resolution mechanisms. Depending on the specific requirements of First American Insurance Portfolios, there may be variations of the Franklin Ohio Administration Agreement. These could include: 1. Investment Management Agreement: If First American Insurance Portfolios requires U.S. Bank to also handle investment management tasks, a separate investment management agreement may be established. This agreement would detail the specific investment mandates, objectives, and restrictions that U.S. Bank must follow. 2. Third-Party Services Agreement: In cases where U.S. Bank engages third-party service providers to assist with administrative tasks, a separate agreement may be created to outline the relationship between U.S. Bank and those service providers. This agreement would contain provisions concerning responsibilities, liabilities, and confidentiality. 3. Amendment or Addendum: Over time, the administration agreement may need to be amended or modified to accommodate changing circumstances, new regulatory requirements, or the introduction of new services. These amendments or addendums would be documented separately. In summary, the Franklin Ohio Administration Agreement between First American Insurance Portfolios, Inc. and U.S. Bank National Association is a vital document that governs administrative services within the Franklin jurisdiction. The agreement outlines the specific roles and responsibilities of both parties, regulatory compliance, fee structures, performance standards, and termination provisions. Different types of agreements may also exist, such as investment management agreements or third-party services agreements, depending on the scope of services required.

The Franklin Ohio Administration Agreement is a contractual agreement between First American Insurance Portfolios, Inc. and U.S. Bank National Association. This agreement outlines the terms and conditions under which U.S. Bank will provide administrative services to First American Insurance Portfolios within the jurisdiction of Franklin, Ohio. The administration agreement plays a crucial role in ensuring smooth operations and effective management of insurance portfolios. It defines the responsibilities, obligations, and rights of both parties involved. Here are some relevant keywords related to the Franklin Ohio Administration Agreement: 1. Administration Services: The agreement outlines the specific administrative tasks that U.S. Bank will undertake on behalf of First American Insurance Portfolios, such as record keeping, asset management, and reporting. 2. Compliance: The agreement includes provisions related to regulatory compliance. U.S. Bank is responsible for ensuring that all administrative activities adhere to applicable laws, regulations, and industry standards. 3. Fee Structure: The administration agreement establishes the fees and compensation structure for U.S. Bank's services. It may specify a fixed fee, a percentage of assets under management, or a combination of both. 4. Performance Standards: The agreement may include performance metrics or benchmarks that U.S. Bank must meet to ensure that the insurance portfolios are administered effectively and efficiently. 5. Termination: The administration agreement outlines the circumstances under which either party may terminate the agreement. It may include provisions for early termination, notice periods, and dispute resolution mechanisms. Depending on the specific requirements of First American Insurance Portfolios, there may be variations of the Franklin Ohio Administration Agreement. These could include: 1. Investment Management Agreement: If First American Insurance Portfolios requires U.S. Bank to also handle investment management tasks, a separate investment management agreement may be established. This agreement would detail the specific investment mandates, objectives, and restrictions that U.S. Bank must follow. 2. Third-Party Services Agreement: In cases where U.S. Bank engages third-party service providers to assist with administrative tasks, a separate agreement may be created to outline the relationship between U.S. Bank and those service providers. This agreement would contain provisions concerning responsibilities, liabilities, and confidentiality. 3. Amendment or Addendum: Over time, the administration agreement may need to be amended or modified to accommodate changing circumstances, new regulatory requirements, or the introduction of new services. These amendments or addendums would be documented separately. In summary, the Franklin Ohio Administration Agreement between First American Insurance Portfolios, Inc. and U.S. Bank National Association is a vital document that governs administrative services within the Franklin jurisdiction. The agreement outlines the specific roles and responsibilities of both parties, regulatory compliance, fee structures, performance standards, and termination provisions. Different types of agreements may also exist, such as investment management agreements or third-party services agreements, depending on the scope of services required.