Agency Agreement (Page 4 of 7) in pdf

Agency Agreement Page 4

8.3.

If the Agent is unable to achieve the production targets due to illness

or any other cause and is temporarily or permanently, prevented from

performing his obligations, a notice not less than six Months shall be

issued before termination.

8.4.

Upon retirement of an agent due to old age or infirmity, the agent

shall be entitled to receive commissions for a further period of not less

than 24Months before the company is discharged from all liability.

9. Consequences of termination

Termination of the contract shall not affect the rights and liabilities of

either party existing at the date of termination.

10. Confidentiality

10.1. Any information relating to the agent made available to the

company by the agent will not be used by the company or

disclosed to any third party by the company or any of its

employees without prior agreement of the agent.

10.2. Any information relating to the company made available to the

agent by the company will not be used by the agent or disclosed to

any third party by the agent or any of its employees without prior

consent of the company.

11.

Security Deposit

The Company shall within 3 Months in the event that the security bond is not

applied be released to the agent upon signing of a discharge Voucher.

12.

Disclosure

Agents will treat all medical information as confidential. The agent will be

under a duty to disclose such information to the principal if he is aware that

such could affect the acceptance of any application for a policy.

13.

Licenses

The agent shall at all times maintain valid and current business licences and

shall at all times operate within the Laws and regulations governing the

industry. Conforming to the sales practices as outlined in the Insurance Act,

and regulations as modified or amended from time to time will be a

requirement.

Agency Agreement Page 4